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Cars Blog; April, 2009 Archive, Page 1; Cars Blog Top Used Car Makes
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04/29/09 22:45
In order to return back to profiting figures, auto maker General Motors will have to resolve itself with government-backed bankruptcy. However, the Obama government requires the former to restructure its debts out of court. As a response, the company revealed a plan to make an offer with bondholders to release their bonds in exchange of equities. Link: GM Said to Plan All-Equity Offer for Bondholders (Update1) - Bloomberg.com
Tags: gm bankruptcy • bond exchange •
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