Summary
SPLUTTERING car giant General Motors has revived its rescue plan with a last-ditch sweetener for major bondholders.
It looked as though GM was destined to be mired in the bankruptcy courts, battling with angry investors after they overwhelmingly rejected a 'debt-forequity swap' earlier this week.See the full content of this document
Extract
Gm's Last Stand As New Deal Is Struck [Edition 3]
But the firm last night struck an agreement with some holders of its $27bn of bond debt that would give them ...
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