Posts Tagged ‘general-motors’

VIDEO: Erik Lie Research Suggests Bankruptcy Won’t Help GM Much

Wednesday, June 3rd, 2009

A press release from the University of Iowa that merits attention:

VIDEO: Erik Lie Research Suggests Bankruptcy Won’t Help GM Much: “June 1, 2009

VIDEO: Erik Lie Research Suggests Bankruptcy Won’t Help GM Much

New research by Erik Lie, a finance professor in the Tippie College of Business, suggests today’s bankruptcy filing by General Motors will be of little help to the company’s long-term prospects. In this video, he explains that his study shows most companies declaring Chapter 11 bankruptcy emerge too soon and with too much debt to remain competitive with their peer companies.

http://tippie.uiowa.edu/news/media/LieGM.m4v”

(Yes Erik Lie is the professor who broke the post-dating of stock option grants wide open several years ago.)

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G.M. Reaches a Deal With Bondholder Committee - DealBook Blog - NYTimes.com

Thursday, May 28th, 2009

WOW! GM Bondholders reached a deal! SHOCKED.

They get 10% plus warrants to buy more shares.

G.M. Reaches a Deal With Bondholder Committee - DealBook Blog - NYTimes.com:

“General Motors said in a regulatory filing on Thursday that it has proposed a new deal to a committee representing many of its largest bondholders, offering up to a 25 percent stake in exchange for not opposing G.M.’s reorganization plan”

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