Bondholders prepare new GM offer (Dealscape

A committee representing General Motors Corp. bondholders is preparing a debt swap counteroffer that asks for significantly more than the sliver of equity the automaker has proposed.

General Motors, facing a government-imposed June 1 deadline to cut its costs, has offered holders of $28 billion in bond debt 10% of its equity in a swap.

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283 articles related to General Motors Corp. from the past year
186 in-depth reports of M&A deals in the Automotive sector
31 in-depth reports of Reorganization plans in the Automotive sector
22 company pages related to General Motors
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NOT A SUBSCRIBER? Bondholders prepare new GM offer Posted on April 30, 2009 2:00 PM A committee representing General Motors Corp. bondholders is preparing a debt swap counteroffer that asks for significantly more than the sliver of equity the automaker has proposed. General Motors, facing a government-imposed June 1 deadline to cut its costs, has offered holders of $28 billion in bond debt 10% of its equity in a swap. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 283 articles related to General Motors Corp. from the past year 186 in-depth reports of M&A deals in the Automotive sector 31 in-depth reports of Reorganization plans in the Automotive sector 22 company pages related to General Motors 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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