GOVERNMENT: Selling Du Pont's Stock

Ever since June, when the U.S. Supreme Court ruled that Du Pont's 23% stock interest in General Motors Corp. was illegal (TIME, June 17). the Justice Department has been seeking the best way to divorce the two giants. Last week the trustbusters gave the first real hint as to how they will proceed. The one thing Justice will not accept, said Assistant Attorney General Victor Hansen, is one thing Du Pont would probably agree to: a permanent, nonvoting trust for Du Pont's 64 million G.M. shares. This, Du Pont hoped, would remove control without forcing the company to get...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!