GM (GM) has decided to go for all or nothing with its bondholders. They can swap their debt of stock, under unfavorable terms, or take their chances in bankruptcy court. The final stage of the game of chicken between the N0. 1 car company in the US and its creditors has begun. The deadline for the offer is May 26, according to GM’s latest restructuring plan
GM also said it would kill the Pontiac brand.
Douglas A. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
GM (GM) has decided to go for all or nothing with its bondholders. They can swap their debt of stock, under unfavorable terms, or take their chances in bankruptcy court. The final stage of the game of chicken between the N0. 1 car company in the US and its creditors has begun. The deadline for the offer is May 26, according to GM’s latest restructuring plan
