Sports car maker Spyker yesterday confirmed it is to purchase troubled Swedish car company Saab from General Motors.
Under the binding deal, which will keep the Swedish brand alive, GM will receive $74m in cash, paid in two installments, and will retain $326m in redeemable preferred Saab shares. The first instalment of $50m will be paid on the date of completion of the transaction, expected to take place on or before February 15,…
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