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View Full Version : US likely taking majority ownership of GM (AP)


Yahoo! Finance
05-27-2009, 02:51 AM
<b>Yahoo! Finance: Mutual Fund News</b>

General Motors Corp. is expected to announce early Wednesday that only a small fraction of the holders of its $27 billion in bonds agreed to swap that unsecured debt for a 10 percent equity share of a recapitalized GM.

complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/090527/us_gm_bondholders.html?.v=3)