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Los Angelas, CA -- (SBWIRE) -- 12/19/2012 -- General Motors Co. (NYSE:GM) jumped 9.06 percent in premarket after the auto giant plans to repurchase 200 million shares at $27.50 per share from Treasury, which intends to exit its investment in the company within the next 15 months.
Can GM Extend Rally? Find Out Here
Knight Capital Group (NYSE:KCG) confirmed its decision to pursue a merger with electronic trading group Getco LLC. The $1.8 billion deal for Knight, which values the firm at $1.4 billion plus $400 million in debt held by Getco, will create a trading powerhouse ranking as one of the largest players on U.S. exchanges and the main trading partner of online brokerage firms that service everyday investors. A trading error this summer drove a $461 million loss for Knight, forcing the firm to seek a rescue investment from a group of six financial firms, including Getco. Shares jumped 6.6% to $3.55 in premarket trade.
Can KCG Continue To Move Higher? Find Out Here
Alterra Capital Holdings Ltd. (NASDAQ:ALTE) may be in focus after the insurer agreed to be acquired by rival Markel Corp. for around $3.13 billion, or $31 per share, in cash and stock.
Can ALTE Extend This Massive Gain? Find Out Here
Navistar International Corp. (NYSE:NAV) swung to a wider-than-expected fiscal fourth-quarter loss as the commercial-truck maker booked several large charges and saw a double-digit percentage drop in sales. Shares slumped 4.8% to $21.75 premarket.
Can NAV Recover After The Recent fall? Find Out Here
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