First it was Chrysler, and now it looks like GM is headed to bankruptcy. In both situations bondholders have had significant power deciding the fate of the company.
Why? Amy Scott reports.
GM restructuring down to the wire
The deadline for GM bondholders to accept a restructuring agreement is looming. If an agreement can't be reached, the struggling automaker faces bankruptcy. As Amy Scott reports, that's...
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The bankrupt car maker is cleaning out its garage in an effort to form a new, pared-down company. But bondholders are fighting over which assets stay and which get offered to outside buyers....
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