The unredacted version of this Order is 10/07/02. GM Hughes Equipment Trusts -- A3 rated equipment trusts created as part of sale and leaseback transactions. Collectible Aviation Stocks and Bonds, Collectible Aviation Stock Certificates. dividend of one share of GM Class H commons stock for every 20 shares of General Motors $1-2/3 par value commons stock payable to stockholders of record November 14, 1985. GM also has net cash of $14 a share. General Motors, in deal certain to draw scrutiny from regulators, will sell Hughes Electronics, owner of DirecTV, to EchoStar Communications for about $26 billion in cash and stock; sale would . State(s): Delaware. Under Hughes's tracking-stock structure, GM owns 100% of the unit's assets. GM also has a 8% stake in Isuzu and a 3% stake in Suzuki in Japan and a joint venture with AvtoVAZ in Russia. The company was a provider of telecommunication services and a leading satellite . General Motors is proposing to split off its Hughes Electronics subsidiary to its GM Class H common stockholders. Class H shares closed at $22.75 on the New York Stock Exchange . The announcement of Mr Wagoner's promotion came a day after GM said it would distribute about half the value of its Hughes Electronics stake in a complex deal that would let GM's shareholders swap . Percent Gain or Loss . GM Class H stock is tied to the financial performance of GM Hughes Electronics Corp., the GM subsidiary of which Hughes is a part. P.O. Nevertheless, since 2000, GM has remained the world's largest auto maker, ranked according to sales. *Discount applied in cart. GM's sale of Hughes is one of the most complex in memory, investment bankers say, because GM sought to minimize taxes and because Hughes Aircraft is part of GM's Hughes Electronics Corp., which . 92.92%. This historic document was printed by the American Bank Note . The Hughes Aircraft Company was a major American aerospace and defense contractor founded in 1932 by Howard Hughes in Glendale, California, as a division of Hughes Tool Company.The company was known for producing, among other products, the Hughes H-4 Hercules Spruce Goose aircraft, the atmospheric entry probe carried by the Galileo spacecraft, and the AIM-4 Falcon guided missile. GM is expected to earn about . News Corp. is paying $14 a share for the 19.9 percent of GM Hughes Electronics held by General Motors, and the 14 percent owned by public shareholders of the satellite firm. GM Hughes Electronics Corp. Stock Certificate. This page provides information on the joint application filed by General Motors Corporation ("GM"), Hughes Electronics Corporation ("Hughes") and The News Corporation Limited ("News Corp." and, collectively with GM and Hughes, the "Applicants") to the Commission seeking consent to transfer control of various Commission licenses and authorizations, including direct broadcast satellite . Letter/Request the Commission expeditiously to consider two additional matters of process filed by EchoStar Communications Corporation and Hughes Electronics Corporation. 81.75* 39.375. GM has gained higher rates of return on its benefit funds as a part of the solution. Box 1178 Portsmouth, NH 03802 USA. General Motors is also a majority shareholder (50.9%) in GM Daewoo. This division was a major . General Motors Hughes Electronics. 1 Includes the spin-off and merger of Hughes Electronics' defense electronics unit with Raytheon Company, the transfer of Delco Electronics to GM's Delphi Automotive, and the recapitalization of GM Class H common stock into a new class of GM common stock. Hughes Electronics Corporation was formed on December 31, 1985, when Hughes Aircraft Company was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. Gain or Loss. ihcir GMH ctock, sh;ires of Hughes on a one-lor-one basis, followed immediately by a mandatory c\changc ol'only 17.5 percciit olthc former GMH shareholders' new Hughes stock for News ADRh at approviinately $13 pcr ADK subject to a collar.The net result of this is that GMH sliareholdrrs' iiitcrest in Hughes will he purchased by Ncws for approximately $14 per share, General Motors boosted the outstanding shares of its GM Class H common stock, the tracking stock tied to Hughes Electronics and its DirecTV DBS unit, enabling a declared 3-for-1 stock split and prepar . 1997 - GM sells defense electronics business of Hughes Electronics to Raytheon and merges Hughes' auto parts business with Delphi Automotive Systems (now Delphi Corp.). The acquisition makes Boeing the world's largest space company, boosts its space-related revenues and provides for significant future growth in information and communications products and . GM Hughes Electronics Corporation - Specimen Stock Certificate Inv# SE1528A. Hughes Electronics Corporation was formed on December 31, 1985, when Hughes Aircraft Company was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. the separation from GM of the business of Hughes Electronics by the distribution to GM Class H common stockholders of up to 1,046,014,137 shares of Class C common stock of a newly formed company, HEC Holdings, Inc., that will own all of the outstanding stock of Hughes; and RM Smythe Old Company Stock Research Since 1880 (703) 787-3552 (888) 786-2576. 10/02/02. . Hughes Electronics Corporation -- Prime-2 rated commercial paper. Our Price: $139.95. NOTE: some of the stock received in these corporate actions - such as Raytheon and Immediately after the separation of Hughes from GM, the businesses of Hughes and EchoStar will be combined pursuant to a merger and the surviving corporation of that merger will be named "EchoStar Communications Corporation." NEW YORK General Motors Corp. and its subsidiary Hughes Electronics (NYSE: GM, GMH) together with EchoStar Communications Corporation . General Motors' share price rose $1.625 today, to close at $34 a share . Wall Street responded positively to the news, with GM`s stock up 75 cents, to $72.25, by mid-day. and any other documents filed by GM, Hughes Electronics Corporation ("Hughes"), Hughes Holdings or EchoStar with the SEC may be obtained for free at the SEC's website, www.sec.gov, and GM stockholders will receive information at an appropriate time on how to obtain transaction . . GM's interest in Hughes is worth about $24 per GM share based on Hughes current price of 55 1/2 . Select the name of your stock from the pulldown menu for more information: Name of Stock. In 2002, GM sold 15 percent of all cars and trucks in the world. At that time, GM reorganized its Delco Electronics subsidiary, and together Hughes and Delco became GM Hughes Electronics (GMHE). On December 22, 2003, GM and Hughes announced that they had successfully completed the split-off of Hughes from GM and the acquisition by News Corporation of 34% of the outstanding common stock of Hughes. A change in ownership of the common stock of the Company, whether by sale, merger, consolidation or reorganization, pursuant to which General Motors Corporation does not own directly or indirectly more than 50% of the outstanding common stock, in value, of the Company or any successor surviving entity; provided, however, that if following any . Category All Category Specimen Stocks, Bonds and Documents Medical, Health Care, Drugs . The proposed restructuring by GM of its Hughes subsidiary, in Moody's view, will not have a materially negative impact on the financial position of General Motors. Based on the closing price of EchoStar common stock of $25.26 on Oct. 26, 2001, the transaction would provide a value of approximately $18.44 per GMH . Recapitalized GM Class H shares tied to a smaller Hughes Electronics--now essentially a telecommunications and satellite broadcasting company--began trading on the New York Stock Exchange on . GMHE ' s business is the business of its two subsidiaries, which are still independently managed. In 1985, General Motors acquired Hughes Aircraft from the estate of the enigmatic late billionaire Howard Hughes and merged it with Delco Electronics to form the GM Hughes Electronics Corporation . GM limits Hughes swap. Upon the split-off of Hughes Electronics Corporation from General Motors Corporation and the merger of Hughes with a wholly owned subsidiary of News Corporation on December 22, 2003, the former shareholders of GM Class H common stock received .82322 shares of Hughes common stock and .09207 News Corporation Preferred ADSs for each share of GM . Box 1178 Portsmouth, NH 03802 USA. 2003 - GM sells defense unit to General Dynamics for $1.1 billion and sells 20 percent stake in Hughes Electronics to News Corp. for $3.1 billion. DETROIT -- General Motors Corp. Tuesday reported fourth-quarter net income of $836 million, or $2.36 a share, up 119 percent from $382 million, or 97 cents a share, earned in the year-ago period. Find the latest General Motors Company (GM) stock quote, history, news and other vital information to help you with your stock trading and investing. (Sean Proctor/Bloomberg) Since General Motors went public post-bankruptcy in 2010, its stock has essentially flatlined. In 2001, GM sold 8.5 million vehicles through all its branches. GM H shares, a tracking stock, fell 1 cent to $15.97 on the New York Stock Exchange. Stock value has begun to rebound - as of October 30, 2006 GM's market capitalization was about $19.19 billion. State(s): Delaware. GM would also receive a special $275 million "value creation" dividend, upon completion of the deal, for converting its Hughes shares from a tracking stock to an asset-based stock. GM Hughes Electronics was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to GM for $5 billion. GMH stock derived much of its value from the performance of Hughes Electronic. 2 GM Class E Common Stock was exchanged for EDS common stock in conjunction with the split . Company profile page for Hughes Electronics Corp/Old including stock price, company news, press releases, executives, board members, and contact information In the DirecTV deal, GM receives $3.1 billion in cash, with the rest coming in News Corp. stock. General Motors is the world's largest vehicle manufacturer and employs over 340,000 people. GM had guaranteed the Institute a certain price on the stock for a limited time, but it became clear that if the Institute . In Janken v. GM Hughes Elecs., 46 Cal.App.4th 55, 53 Cal.Rptr.2d 741, 756 (1996), a California Court of Appeal held that routine, necessary personnel management decisions such as hiring and firing, even if improperly motivated, are not outrageous as a matter of law. Statistics: Public Subsidiary of General Motors Corporation Incorporated: 1985 as GM Hughes Electronics Employees: 14,000 Sales: $5.13 billion (1997) Stock Exchanges: New York Ticker Symbol: GMH SICs: 3663 Radio & TV Communications Equipment; 3669 Communications Equipment, Not Elsewhere Classified Company Perspectives: will get $3.3 billion in cash, and a stake in the News Corporation, Rupert Murdoch's holding company, from the disposal of Hughes Electronics, whose principal asset is the DirecTV satellite . Summary of this case from Olguin v. Int'l Paper Co. Hughes Electronics (GMH) . General Motors Co Chief Executive Mary Barra has reeled off . News Corp. is paying $14 a share for the 19.9 percent of GM Hughes Electronics held by General Motors, and the 14 percent owned by public shareholders of the satellite firm. Hughes Electronics was formed in 1985 as a subsidiary of General Motors Corp. named GM Hughes Electronics. General Motors is also a majority shareholder (50.9%) in GM Daewoo. Definition of Transfer Agent: A financial institution appointed by a company to act as the stockholder record keeper and perform any transactions of the registered stock. Skip to main content. It would be sold just like any other stock on a stock exchange using a brokerage account. GM also has a 8% stake in Isuzu and a 3% stake in Suzuki in Japan and a joint venture with AvtoVAZ in Russia. GM split off Hughes by distributing its holdings of Hughes common stock to the holders of GM Class H common stock (a tracking stock) in . Beginning Price . July 22, 2003). In December 2003, it acquired Delta in South Africa, in which it had taken a 45 % stake in 1997, and which is now a fully-owned subsidiary, General Motors South Africa. This division was a major . Letter From W. Kenneth Ferree, Chief, Media Bureau, Responding to NRTC's August 15 Request for Additional Disclosure. Plaintiffs contend that in connection with the Hughes Transactions: 1) GM breached the rights . General Motors merged Hughes Aircraft with its Delco Electronics unit to form Hughes Electronics Corporation, an independent subsidiary. Beautifully engraved specimen certificate from GM Hughes Electronics Corporation printed in 1986. It is expected to be delisted, with new shares of Hughes Electronics Corp. trading under the symbol "HS" today. 1-800-717-9529 collect@glabarre.com. Registration Rights Agreement - XM Satellite Radio Holdings Inc., Clear Channel Investments Inc., Columbia Capital, DIRECTV Enterprises Inc., General Motors Corp., Hughes Electronics Corp., Rare Medium Group Inc., Madison Dearborn Partners LLC, AEA XM Investors, American Honda Motor Co. Inc. and Black Bear Funds and Other Business Contracts, Forms and Agreeements. 1985. Transfer agents issue and cancel stock certificates, disburse dividends, and shareholder tabulations. Transfer agents perform three main functions: 1) Issue and cancel certificates to reflect ownership changes . *The 1992 ending price for EDS has been adjusted for a 2 for 1 stock split. . Its financial difficulties have dragged stock value down (see below); as of March 23, 2006, GM's market capitalization is roughly $12.5 billion. Hughes Aircraft, part of the late Howard Hughes` estate, was owned by the Howard Hughes Medical . For the stock to be good it would have to be stock in General Motors Company (the new GM). Corporation's $1 2/3 parvalue common stock will automatically be exchanged for Class E or Class H common stock, respectively." "In the event any of the aforementioned exchanges were to occur, the GM Certificate of Incorporation provides that the Class E or Class H common stockholders would receive $1 2/3 par value . Beautifully engraved uncancelled certificate from the GM Hughes Electronics Corporation issued in 1989. The GMH common stock dividend was issued on 12/30/1985 and began trading on 12/31/1985. . They also owned Electronic Data Systems from 1984 to 1996 and, prior to selling it to News Corporation, DirecTV. Search. 2004 - Last model year for Oldsmobile. Ending Price . that would unlock shareholder value and create a company worth anywhere from $20 billion to . 1-800-717-9529 collect@glabarre.com. The class H issue is linked to the GM Hughes Electronics subsidiary, which includes Hughes Aircraft and Delco Electronics. The plaintiffs purportedly bring this action on behalf of themselves and other holders of the Class H Common Stock ("GMH shares or stock") of General Motors ("GM"). Collectible Aviation Stocks and Bonds, Collectible Aviation Stock Certificates. NEW YORK (CNNfn) - General Motors Corp. said its offer to swap shares of its . Real-time stock price and headline news. Search. In connection with the proposed transactions, General Motors Corporation ("GM"), Hughes Electronics Corporation ("Hughes") and EchoStar Communications Corporation ("EchoStar") intend to file relevant materials with the Securities and Exchange Commission, including one or more Registration Statement(s) on Form S-4 that contain a . Its financial difficulties have dragged stock value down (see below); as of March 23, 2006, GM's market capitalization is roughly $12.5 billion. 42.375. Demand gives GM shareholders only 25% of the exchange they sought. Upon the split-off of Hughes Electronics Corporation from General Motors Corporation and the merger of Hughes with a wholly owned subsidiary of News Corporation on December 22, 2003, the former shareholders of GM Class H common stock received .82322 shares of Hughes common stock and .09207 News Corporation Preferred ADSs for each share of GM . ET. The factors that could cause actual results of General Motors Corp. ("GM"), EchoStar Communications Corporation ("EchoStar"), Hughes Electronics Corp. ("Hughes"), or a combined EchoStar and Hughes . 2003: Hummer H2 is the division's first original model, based on the Chevy Tahoe platform. The company ' s stock price was going nowhere, and in 1989 General Motors had to work out a new deal with the Howard Hughes Medical Institute about the GM Class H shares the Institute had received when it sold Hughes. GM's pension . This historic document was printed by the American Banknote Company . General Motors merged Hughes Aircraft with its Delco Electronics unit to form Hughes Electronics Corporation, an independent subsidiary. Category All Category Specimen Stocks, Bonds and Documents Medical, Health Care, Drugs . Electronic Data Systems Corp. (EDS) Yearly Returns Year . Alternative Views: Save an additional 20% on all Stock Certs! P.O. It's heavy enough to escape EPA fuel . In a further cutback of the military industry that strikes another blow to Southern California, GM Hughes Electronics said today that it would close a plant in Fullerton, Calif., and lay off 4,400 . May 22, 2003); News Corporation, General Motors Corporation, and Hughes Electronics Corporation, Order Concerning Second Protective Order, DA 03-2376 (rel. "Delco" means Delco Electronics Corporation, a Delaware corporation that, after giving effect to the HEC Reorganization (as defined in the Hughes Distribution Agreement), will be a direct Subsidiary of GM and the parent corporation of all entities owned directly or indirectly by GM that will engage after the Spin-Off Merger Time in the . May 22, 2000: 2:10 p.m. given GM's lackluster stock price. GM sells Hughes Electronics to Rupert Murdoch's News Corporation. G.M. Class H shares closed at $22.75 on the New York Stock Exchange . GM Hughes Electronics Corp. Stock Certificate. The Boeing Company (NYSE: BA) today completed its acquisition of Hughes Electronics Corporation's space and communications business and related operations. Hughes stockholders would get $14 per share in the sale, a premium of 22 percent over yesterday's . The BUZZ@DIRECTV. 1996 - GM spins off Electronic Data Systems as a separate company. GM Hughes Electronics was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to GM for $5 billion. One possible purchase for Hughes would be Pegasus Communications Corp., the largest reseller of DirecTV in U.S. rural regions. GM Hughes Electronics Corporation - Specimen Stock Certificate Inv# SE1528A. December 29, 1985, by and among General Motors Corporation, Hughes Electronics Corporation (formerly GM Hughes Electronics Corporation), HE Holdings, Inc. (formerly Hughes Aircraft Company), and Delco Electronics Corporation, as amended, a copy of which is set forth as Exhibit A-2 hereto; (c) the Tax Sharing Agreement, dated as of December 17 . See News Corporation,General Motors Corporation, and Hughes Electronics Corporation, Order Adopting Protective Order, DA 03-1761 (rel. Shares in the "new GM . GM Hughes Electronics was established in 1985 when General Motors (GM) purchased the Hughes Aircraft Company. GM Class H stock is tied to the financial performance of GM Hughes Electronics Corp., the GM subsidiary of which Hughes is a part. Find the latest General Motors Company (GM) stock quote, history, news and other vital information to help you with your stock trading and investing. Select One Gabelli Asset Management Inc/Rye NY-GBL.2 Gables Residential Trust-GBP GA Financial Inc/Whitehall PA-GAF Gafisa SA ADS-GFA Galen Health Care Inc/Lousiville KY-GHC Galen Holdings plc ADS-GALN Galileo Holding Corp-GMR.2 Galileo International Inc . 40.875. 09/27/02. On Friday, 6/5/15 it closed at $35.12 so five shares would be worth $175.60. The share prices of Rupert Murdoch's News Corp., Fox Entertainment Group Inc., and Hughes Electronics Corp. (a subsidiary of General Motors Corporation) tumbled immediately following the announcement that News Corp. had reached an agreement to take a controlling interest in Hughes on April 10, 2003. General Motors Corporation (Old) GM Corp. 1991-A1 Pass Through: GM Corp. 1991-A2 Pass Through: GM Hughes Electronics Pass Through Trusts: GM Hughes Equipment Trust 1991-A: GM Hughes Equipment Trust 1991-B: GMAC International Finance B.V. GMAC, Australia (Finance) Limited: Indianapolis - Marion County, IN: Janesville (City of) WI: Kansas (City . But as part of its latest contribution, the amount held by GM's employee benefit plans, managed by US Trust Company of New York, will increase to about 330 million shares and reduce GM's retained economic interest in its wholly owned subsidiary to about 20% from . Skip to main content. Very good info there a1smith, thanks for taking the time. *The 1990 ending price for EDS has been adjusted for a 2 for 1 stock split. 24.875 . Cybersecurity Summit in Detroit on July 22, 2016. . Sale Price: $ 110.00. General Motors Hughes Electronics. The preliminary materials, the definitive versions of these materials and other relevant materials (when they become available), and any other documents filed by GM, Hughes Electronics Corporation ("Hughes"), Hughes Holdings or EchoStar with the SEC may be obtained for free at the SEC's website, www.sec.gov, and GM stockholders will . 1986. RM Smythe Old Company Stock Research Since 1880 (703) 787-3552 (888) 786-2576. In December 2003, it acquired Delta in South Africa, in which it had taken a 45 % stake in 1997, and which is now a fully-owned subsidiary, General Motors South Africa. This means investors effectively are getting GM's auto operations, plus Delphi, GM's parts business, and General Motors Acceptance Corp., the finance company, for about $30 a share. GM's Hughes Electronics to Merge With EchoStar . 1998 - Strikes at two Michigan parts plants shut down almost all North American production. Hughes Electronics, created by GM in 1985, and Redmond, Wash.-based AT&T Wireless Group., a pending tracking stock created by AT&T Corp., are examples of tracking stocks focused on one area of a .