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A group of General Motors Corp. employees withdrew its bid to seek a shareholder vote on a package of proposals to boost the price of GM shares, but is continuing talks on the plan with GM management. The group of 48 middle managers, retirees and blue-collar workers sought a shareholder vote on a plan that, among other things, called on GM to start a $1 billion employee stock ownership plan, restructure dividend payments to substitute stock or other
”in-kind” payments for cash, and sweeten the incentives for GM workers to buy stock.
