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DETROIT (AP) - General Motors Corp. says it will offer bondholders 10 percent of the company's stock with warrants to buy up to 15 percent if they agree to support selling the company's assets to a new company under bankruptcy court protection.
The company made the disclosure Thursday in a filing with the U.S. Securities and Exchange Commission.
The filing says if the bondholders don't agree to support the sale, then the amount of stock and warrants they get would be reduced or eliminated.
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