Warren Buffett not impressed with GM’s $5 billion buyback

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Warren Buffett not impressed with GM’s $5 billion buyback

GM, Wilson compromise, agree on $5 billion buyback

DETROIT — General Motors has agreed to buy back $5 billion of its shares and Harry Wilson will withdraw his bid for a seat on the company’s board on behalf of four hedge funds. “We will continue to invest in innovative technologies and world-class vehicles that will deliver sustained profitable growth and maximize returns to shareholders.”…

SALT New York: Canyon, Mudrick, Fortress And Sculptor On Finding Distressed Value

At the 2021 SALT New York conference, which was held earlier this week, one of the panels on the main stage discussed the best macro shifts coming out of the pandemic and investing in value amid distress. The panel featured: Todd Lemkin, the chief investment officer of Canyon Partners; Peter Wallach, the managing director and Read More

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