GM Rolls Into Bankruptcy

Holman, Kelly
June 2009
Mergers & Acquisitions Report;6/8/2009, Vol. 22 Issue 23, p21
The article reports on the filing for Chapter 11 protection made by General Motors (GM) and three of its domestic subsidiaries. It relates the amount of assets and debt of the automaker based in Detroit, Michigan. GM is expecting to emerge bankruptcy in the next 60 to 90 days. It discusses the terms of the deal forged by GM with the U.S. Treasury, the federal Canadian and Ontario governments, and the United Auto Workers and Canadian Auto Workers unions.


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