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GM Unlikely To Reach Deal with Bondholders before the Dept for Equity Swap Deadline

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In plain English, the filed supplement says that as of today GM has not reached agreements with its bondholders about a debt for equity swap - and it is unlikely to do so before the midnight May 26, 2009 expiration date and withdrawal deadline of the exchange offers to bondholders. Since the swap is a key element in its

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