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The company said it would cut its common stock dividend to 1 cent from 20 cents.
But it completed selling its common stock in August, Ms. Harper said, and has not held G.M. shares since then.
The company plans to give a group of bondholders holding 70percentt of the company's bond debt all of its common stock once it exits bankruptcy.
CALPINE CORP., San Jose, Calif., a developer of power generation plants, said it planned to split its common stock two shares for one.
McDonalds also announced that it had repurchased $2 billion of its common stock in the quarter.
If Williams had to issue shares to the bondholders, it would dilute the value of its common stock.
Hudson River said it would pay 1.185 shares of its common stock for each share of Cohoes.
It may take up voting rights on its common stock.
Critical Path said it would issue 6.4 million shares of its common stock for the closely held PeerLogic.
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Xerox eliminated its common-stock dividend yesterday to save $140 million a year.
Under the deal, CMGI plans to issue 0.2628 share of its common stock for each share of uBid.com.
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