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30 May, 2009
GM Bankruptcy Plan Clears Bondholder Hurdle - New York Times
Posted by: admin In: Outside Contests
 Washington Post |
GM Bankruptcy Plan Clears Bondholder Hurdle
New York Times
By NICK BUNKLEY DETROIT - General Motors' bondholders finished voting Saturday on the company's plan to exchange their debt for an ownership stake as high as 25 percent in GM, the final obstacle to an orderly bankruptcy for the ailing carmaker.
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