Spyker Gains Approval for Saab Deal
By Chris Weiss
The headlines were made, but Spyker still has some work to do before closing the Saab deal with GM. Today, the Dutch company made some major progress when its shareholders voted to approve the deal and the European Investment Bank approved a 400-million-euro loan that is integral in the deal with GM–a pretty big day all around.
Shareholders plan to list the new company’s stock in London and Stockholm. Spyker’s deal with GM will total $400 million–$74 million cash and $326 million in preferred shares. [via Reuters]
