Fox News: GMAC Note Exchange Doesn't Meet Target

[riky]

GMAC Note Exchange Doesn't Meet Target
     

GMAC, the financing arm of General Motors (GM) announced Wednesday that $21.2 billion in notes were tendered in its debt restructuring. GMAC has been aiming to raise $30 billon by converting 75% of its debt into preferred stock holdings.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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