GM Hughes Electronics Corporation - Specimen Stock Certificate
Inv# SE1528A Specimen Stock
Specimen Stock. Printed by American Bank Note Company. Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. The surviving parts of Hughes Electronics are today known as the DirecTV Group. On June 5, 1985 General Motors was announced as the winner of a secretive five month, sealed-bid auction. Other bidders included Ford Motor Company and Boeing. The purchase was completed on December 20, 1985, for an estimated $5.2 billion, $2.7 billion in cash and the rest in 50 million shares of GM Class H stock.
On December 31, 1985, General Motors merged Hughes Aircraft with its Delco Electronics unit to form Hughes Electronics Corporation, an independent subsidiary. The group then consisted of: Delco Electronics Corporation and Hughes Aircraft Company. In August of 1992 Hughes Aircraft completed its purchase of General Dynamics' missile businesses for $450 million. This brought the Tomahawk Cruise Missile, Advanced Cruise Missile, Standard missile, Stinger missile, Phalanx Close-in weapon system, and Rolling Airframe Missile into Hughes' portfolio. Read more at https://en.wikipedia.org/wiki/Hughes_Electronics
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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