A new offer would give GM bondholders as much as 25% of the company, provided they don't contest the automaker's expected Chapter 11 filing. By offering a sweetened deal Thursday to holders of $27 billion of its bonds, General Motors Corp. and the Obama administration are trying to follow Chrysler's path to a quick exit from bankruptcy.
Comment on General Motors may follow Chrysler's path to quick exit from bankruptcy
Los Angeles Times - Top News, Los Angeles Times
Fri, 05/29/2009 - 12:00am
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