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Reuters: GM offers UAW $10 bln in preferred stock: report

Started by chris, March 27, 2009, 07:59:14 PM

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chris

GM offers UAW $10 bln in preferred stock: report
      
   
      


DETROIT (Reuters) - General Motors Corp has offered to convert half of a $20 billion funding obligation to a union-aligned retiree healthcare trust into preferred stock, business television station CNBC reported on Friday.<div class="feedflare">
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