GM bankruptcy nears as bondholders shun tender offer – Reuters
- Tuesday, May 26, 2009, 17:34
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 ABC News |
GM bankruptcy nears as bondholders shun tender offer
Reuters
By Kevin Krolicki and Jui Chakravorty Das DETROIT/NEW YORK (Reuters) – General Motors Corp has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever US industrial bankruptcy within days.
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