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Non-Tech : GM - General Motors
GM 70.75+2.8%Nov 7 9:30 AM EST
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To: Uncle Mikey who wrote ()10/29/1998 6:10:00 PM
From: NewsTrader  Read Replies (1) of 543
 
(NewsTraders) -- General Motors Acceptance Corp., a finance subsidiary of General Motors Corp. (GM), is withdrawing its $300 million registration of notes on behalf of selling holders, according to a Form RW filed with the SEC this afternoon.

The withdrawal is based on a change in GMAC's plans and "arises for a number of reasons, including changed marketing conditions," the filing states.

As reported, GMAC, which would not have received any proceeds from the sale of the securities, had filed a Form S-2 with the SEC on October 15 to register the notes.
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