The clock is ticking for GM. If an agreement with the bondholders and the unions is not reached by June 1, GM is headed for bankruptcy court. If the deal is approved as currently on the table, the Treasury department would become GM's largest shareholder.
Bankruptcy looks increasingly likely as GM Bondholder Group Says Offer Isn’t ‘Reasonable’.
Read more...
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment