GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days
Green Car Congress
JUNE 1, 2009
Livonia Engine, Mich. Jacksonville, Fla. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% Warrants granted to GM at closing to acquire newly issued shares in the New GM equal to 15% of its outstanding common equity, with various exercise prices and expirations. Close: Jul 2009.
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