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Home » Store » Taxable » Will Sale of Commercial Unit, Other Issues, Prompt GM to Spin Off Mortgage Divisions from GMAC Sale?

Will Sale of Commercial Unit, Other Issues, Prompt GM to Spin Off Mortgage Divisions from GMAC Sale?

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General Motors caught a break this week in its increasingly desperate hunt for cash when it announce a deal with an investor group to sell a 78 percent stake in GMAC Commercial Holding Corp., the automakers’ commercial mortgage unit. Kohlberg Kravis Roberts & Co., along with partners Five Mile Capital Partners and Goldman Sachs Capital Partners, agreed to buy the stake in a deal worth $8.8 billion. The unit already has a new name, Capmark…
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