News Alert
9:40 a.m. ET Thursday, April 30, 2009
Chrysler
to Proceed with Bankruptcy
If you have any difficulty viewing this newsletterclick
here
Feedback
News Alert
9:40 a.m. ET Thursday, April 30, 2009
Chrysler
to Proceed with Bankruptcy
Chrysler, one of the three pillars of the American
auto industry, will file for bankruptcy today after last-minute
negotiations between the government and the automaker’s creditors broke
down last night, an Obama administration official said. U.S. officials had
offered Chrysler’s secured lenders $2.25 billion in cash if they would
agree to writedown the $6.9 in secured debt that the company owed. But a
small group of hedge funds refused the 11th-hour deal, forcing an imminent
bankruptcy .
For more information, visit washingtonpost.com
For more information, visit washingtonpost.com
=======
S1000+
=======
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
"World-thread" group.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to
[email protected]
For more options, visit this group at
http://groups.google.com/group/world-thread?hl=en
-~----------~----~----~----~------~----~------~--~---
