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GMAC Closer to Goal of Being a Bank.
- Source :
-
New York Times . 12/16/2008, Vol. 158 Issue 54526, p5. 0p. - Publication Year :
- 2008
-
Abstract
- GMAC investors holding about $10.5 billion in bonds agreed to sweetened terms of a debt swap, bringing the company closer to its goal of becoming a bank and getting a federal bailout. ''The committee has unanimously agreed to support the offer,'' said Andrew N. Rosenberg, partner at Paul, Weiss, Rifkind, Wharton & Garrison. [ABSTRACT FROM PUBLISHER]
- Subjects :
- *INVESTORS
*BONDS (Finance)
*DEBT exchanges
*INTERNATIONAL economic assistance
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 158
- Issue :
- 54526
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 35714277