Washington Says It'll Keep Talking To Cranky GM Bondholders

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WASHINGTON – The U.S. government feels that General Motors Corp bondholders who are balking at a debt-for-equity swap have gotten a fair offer but is willing to keep trying to persuade them to join, sources familiar with the discussions said Tuesday.

“We’re going to do everything we can … to have peace in the valley and a happy outcome,” one of the sources said, indicating a willingness to keep talking with bondholders after a midnight deadline for the swap.

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