Cooperman sees dividends, stock buybacks from GM

LAS VEGAS (MarketWatch) — General Motors Co. may return money to shareholders within a year via dividends or share repurchases, Leon Cooperman, head of $6.5 billion hedge fund firm Omega Advisors, said Thursday. The automaker has about $30 billion of cash, Cooperman noted during the SkyBridge Alternatives Conference in Las Vegas. Omega owns GM shares and it’s currently a losing position for the firm, he added.

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