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Last Updated at 10:20
According to CNBC, General Motors (NYSE: GM) shares were halted as bondholders agreed to a sweetened deal. Shares have been reopened since. (This post is a live update). GM shares have jumped over 15% since trading has resumed.
This still doesn't mean a bankruptcy has been avoided, but at least creditors would not oppose attempts to sell GM's profitable assets to a new company -- the "New GM" -- sponsored by the U.S. Treasury.
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