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Reuters: General Motors eyes debt swap: report

Started by chris, November 29, 2008, 07:59:14 AM

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chris

General Motors eyes debt swap: report
      


NEW YORK (Reuters) - General Motors Corp  is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan.<div class="feedflare">
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