Word: fritz
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Dates: during 2000-2009
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...exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious...
...40—High snap from Scott Fritz causes big loss, sets up 3rd and 28 situation for White squad...
Prosecutors say the three Germans, Fritz Martin Gelowicz, 29, Daniel Martin Schneider, 23, and Atilla Selek, 24, and the one Turkish national, Adem Yilmaz, 30, were planning a series of car bombings in Germany that could have been deadlier than the attacks in London and Madrid. And according to prosecutors, the men had specific targets in mind: U.S. military bases including Ramstein, and Germany's biggest airport in Frankfurt, as well as discos, pubs and restaurants. So far, the suspects have remained silent, so their answer to these charges is not yet known. (See pictures of a Jihadist's journey...
...According to the Wall Street Journal, Rattner was the Administration official who told GM CEO Rick Wagoner that he would have to step down, then informing Wagoner's replacement, Frederick "Fritz" Henderson, that GM's top job was now his. (See the 50 Worst Cars of All Time...
...foot dragging on Chrysler is affecting GM, too. In a Friday conference call with the media, GM chairman Fritz Henderson lamented that GM's own union negotiations are being slowed because the UAW won't move forward until the Chrysler/Fiat negotiations are resolved. That makes sense: Whatever terms Chrysler gets will be a precedent for GM, too. GM faces a June 1 deadline from the U.S. government to produce sufficient cuts to ensure viability...