27 aprile 2009 / 12:41 / 9 anni fa

GM propone offerta scambio azioni per obbligazioni

DETROIT (Reuters) - General Motors Corp propone un‘offerta di scambio di azioni in cambio di obbligazioni, affermando che, se non arriveranno sufficienti adesioni, porterà i libri in tribunale.

Il successo dell‘operazione si prevede porti a una riduzione del debito di almeno 44 miliardi di dollari.

La società ha un programma di tagli al personale salariato a 40.000 dagli attuali 61.000, con una ulteriore discesa a 38.000 a inizio 2011.

Le azioni della società balzano sul mercato tedesco e, alle 14,25 italiane, salgono del 13,28% a 1,42 euro.

:

* Files bond exchange offer with the US SEC

* Offers to issue 225 shares of common stock for each $1,000 principal of notes

and to pay cash for accrued interest

* Says advantages to restructuring outside of court, expects to file for

bankruptcy if it does not receive enough tenders under the offer

* Says will focus on 4 core brands, eliminate Pontiac brand

* Says new plan cuts break-even level in US industry sales to 10 million units

from 15 million units previously

* Says now plans to cut to 3,600 US dealers by 2010

* Says expects to cut to 34 plants in 2010 from 47 plants now, pare further to

31 in 2012

* Says expects to cut US hourly workforce to 40,000 in 2010 from 61,000

currently, level out at about 38,000 starting in 2011

* Says plans 25 percent reduction in North American structural costs overall to

$23.2 billion in 2010, about $1.8 billion deeper than mid-February plan

* Says expects VEBA to be funded 50 percent by equity

* Says that VEBA funding, bond exchange could trim debt levels by $44 billion

overall

Reporting by David Bailey

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