April 15, 2009 at 09:21 AM EDT
General Motors Could Be Nationalized Via Debt for Equity Deal
In a move that would effectively nationalize the country’s largest automaker, the U.S. government is considering taking an equity stake in General Motors Corp. ( GM ) in exchange for part of the $13.4 billion it has already lent the company, Bloomberg News reported, citing people familiar with the matter. Such a move would likely…
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