(Reuters) - The offering comes just ahead of crucial labor talks with
the United Auto Workers. GM may be able to use the proceeds for
a strike fund, allowing it to survive at least a short strike,
Lehman Brothers analyst Brian Johnson said. The current
contract with the union expires in September.
The company also said it had priced the offering and
granted the underwriters an over-allotment option to purchase
up to $195 million aggregate principal amount of additional
notes.
Read more at Reuters.com Bonds News
the United Auto Workers. GM may be able to use the proceeds for
a strike fund, allowing it to survive at least a short strike,
Lehman Brothers analyst Brian Johnson said. The current
contract with the union expires in September.
The company also said it had priced the offering and
granted the underwriters an over-allotment option to purchase
up to $195 million aggregate principal amount of additional
notes.
Read more at Reuters.com Bonds News
No comments:
Post a Comment