GM bondholders pave way for bankruptcy

The final hurdle was cleared Sunday allowing for General Motors to smoothly gear down into bankruptcy protection tomorrow, as GM bondholders narrowly voted in favour of a sweetened deal to swap their debt for a piece of the company.
Posted by TNews on May 31st, 2009 and filed under ctv. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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