According the NY Times, the debt markets are valuing the restructuring package for GM’s lenders at roughly $3.4 billion. The lenders will end up owning 10% of GM, which means the market is valuing the entire business at $34 billion. Meanwhile, the government is investing $50 billion in GM in exchange for a 60% ownership … Continue reading Car Sick – Vol. 1
Tag: bankruptcy
Tribune Bankruptcy – Early Warning Sign
The Tribune Company filed for bankruptcy early this week. I wasn't surprised because I saw an early warning sign that they were in trouble. If you're in Chicago, you may have noticed that the Tribune underwent a major format change a few weeks ago. Essentially, they turned it into the Redeye. This is another way … Continue reading Tribune Bankruptcy – Early Warning Sign
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