GM bondholders refuse to budge, making bankruptcy likely – BusinessWeek

The Associated Press

GM bondholders refuse to budge, making bankruptcy likely
BusinessWeek
General Motors is on a collision course for bankruptcy. The company said this morning that it didn't get 90% of its bondholders, who collectively hold $27.2 billion in GM debt to take stock for their bonds.
GM says bondholder offer fails; bankruptcy likely The Associated Press
GM moves step closer to bankruptcy CNNMoney.com
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