Big Bondholder in G.M. Sells Most of Its Assets in Company | WHAT REALLY HAPPENED

Big Bondholder in G.M. Sells Most of Its Assets in Company

The New York Times - MICHELINE MAYNARD - As talk continues to circulate about the likelihood of a General Motors bankruptcy, one of G.M.’s significant bondholders has shed the bulk of its holdings, according to a regulatory filing.

G.M. must persuade its bondholders to restructure their debt as a condition of a government-financed reorganization.

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