Holders of GM $1-2/3 and Class H common stocks would receive a distribution of all of the Class A common stock of Hughes Defense.
6 percent tracking stock interest in the earnings of Delco Electronics currently held by Class H common stockholders will be transferred to holders of GM $1-2/3 common stock.
The recapitalization of GM Class H common stock into a new class of GM common stock.
The value of the Class A common stock of Hughes Defense to be distributed to GM stockholders in the spin-off, which is estimated to be approximately $6.
GM would distribute a total of approximately 103 million shares of Class A common stock of Hughes Defense, which will represent about 30 percent of the total equity of the combined Hughes Defense/Raytheon company, to its GM $1-2/3 and Class H common stockholders if they approve the transactions.