NYT: GM plan clears bondholder hurdle

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, May 31, 2009.

  1. ChevyFan

    ChevyFan The Sheriff Staff Member 5+ Years 5000 Posts

    [​IMG]General Motors’ bondholders finished voting Saturday on the company’s plan to exchange their debt for an ownership stake as high as 25 percent in G.M., the final obstacle to an orderly bankruptcy.




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