Posts Tagged ‘general motors news’

GM preparing to make official bond exchange offer

Posted in News by admin on April 21st, 2009
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DETROIT — General Motors Corporation is preparing to launch a public bond-exchange offer to wipe out most of its $28 billion unsecured debt by June 1 to avoid bankruptcy. President Barack Obama gave the company 60 more days to get the concessions it needs. GM spokeswoman Julie Gibson said “We have a large pool of [...]


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