MLC FLASH NEWS

May 30, 2009

GM debt swap plan gets 54 percent bondholder support

Filed under: Gadgets — Reuters: Top News @ 8:44 pm

DETROIT (Reuters) - Investors representing about 54 percent of General Motors Corp’s $27.2 billion of bonds indicated support for a U.S. Treasury-brokered swap that could help speed the automaker’s way through bankruptcy.

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