Skip to content

Associated Press: “Fate of GM lies with recalcitrant bondholders”

“Smaller, “retail” bondholders — individual investors like retirees and families — have also railed against the terms of the exchange. A retiree group called The 60 Plus Association has organized bondholder rallies across the country to protest GM’s offer.  Both groups say the offer gives them too small a stake for the amount they are owed. When GM announced its debt exchange last month, the company offered bondholders 225 shares of common stock for every $1,000 in debt. That would leave GM bondholders with a 10 percent stake in the restructured company.”

Read more

Posted in News.

Tagged with , , , , , .

1,040 comments

By admin – May 26, 2009

1040 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

  1. vltizdqzwwu says

    9L9gXb uugxfepjblcz, [url=http://gwtmupkccfes.com/]gwtmupkccfes[/url], [link=http://kpzdjfsqydsy.com/]kpzdjfsqydsy[/link], http://sgzqqkwropgl.com/

    July 29, 2009, 2:11 am
  2. John1096 says

    Very nice site! cheap viagra

    August 21, 2009, 3:43 am
  3. John1096 says

    Very nice site! [url=http://aixopey.com/qqaatt/2.html]cheap cialis[/url]

    August 21, 2009, 3:43 am
  4. John1096 says

    Very nice site! cheap cialis http://aixopey.com/qqaatt/4.html

    August 21, 2009, 3:44 am
  5. John1096 says

    Very nice site!

    August 21, 2009, 3:44 am
  6. Pharmc893 says

    Very nice site! cheap viagra

    August 24, 2009, 8:55 pm
  7. Pharmb626 says

    Very nice site! [url=http://opxaiey.com/oyyrrsy/2.html]cheap cialis[/url]

    August 24, 2009, 8:56 pm
  8. Pharme117 says

    Very nice site! cheap cialis http://opxaiey.com/oyyrrsy/4.html

    August 24, 2009, 8:56 pm
  9. Pharmf137 says

    Very nice site!

    August 24, 2009, 8:56 pm