Count Us Out

Quinn, Matthew; Davis, Paul; Shenn, Jody
February 2006
American Banker;2/2/2006, Vol. 171 Issue 22, p11
Trade Publication
This article reports that spreads on the bonds of GM and GMAC have fluctuated with each whisper about a potential buyer. But the progress has been tough to gauge, as GM has been tight-lipped. And several of the companies viewed as potential bidders made it clear early on that they would steer clear of the bidding. In an interview with Bloomberg News in November, Bank of America Corp. chief financial officer Alvaro de Molina said his company was not interested in a "GMAC-type" deal.


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