GM preps for date with Chapter 11 and history (Dealscape

General Motors Corp. bondholders have soundly rejected a debt-for-equity exchange so pivotal to a turnaround, all but ensuring the automaker will drive into bankruptcy.

The company, which has received nearly $20 billion in government loans since December, had offered the holders of more than $27 billion in bond debt a 10% stake in the restructured carmaker.

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272 in-depth reports of Bankruptcies in the Automotive sector
66 in-depth transaction records for General Motors
31 in-depth reports of Reorganization plans in the Automotive sector
16 company pages for General Motors
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NOT A SUBSCRIBER? GM preps for date with Chapter 11 and history Posted on May 27, 2009 2:00 PM General Motors Corp. bondholders have soundly rejected a debt-for-equity exchange so pivotal to a turnaround, all but ensuring the automaker will drive into bankruptcy. The company, which has received nearly $20 billion in government loans since December, had offered the holders of more than $27 billion in bond debt a 10% stake in the restructured carmaker. 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. 272 in-depth reports of Bankruptcies in the Automotive sector 66 in-depth transaction records for General Motors 31 in-depth reports of Reorganization plans in the Automotive sector 16 company pages for 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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