GM (GM) Shares Jump On Plans To Hammer Bondholders

[24/7 Wall St.]

24/7 Wall St. Daily News

GM (GM) has decided to go for all or nothing with its bondholders. They can swap their debt of stock, under unfavorable terms, or take their chances in bankruptcy court. The final stage of the game of chicken between the N0. 1 car company in the US and its creditors has begun. The deadline for [...]

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