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Coming down to the wire... Posted by Ray Kopczynski [Email] (#681) [Profile/Gallery] (more from Ray Kopczynski) on Mon, 11 May 2009 06:50:36 In Reply to: I beg to differ, ryan [Profile/Gallery] , Sun, 10 May 2009 23:30:00 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Small blurb via Reuters tha a.m.:
Two to three bidders remain for GM's Saab: report
Mon May 11, 2009 7:43am EDT
STOCKHOLM (Reuters) - Two to three interested parties remain among those eyeing General Motors' Swedish carmaker Saab, local news agency TT reported on Monday.
Citing the company's court-appointed administrator, the agency said the bidders had signed a letter of intent with the carmaker, whose U.S. parent has said it wants to sell the unit by the end of this year.
Saab sought protection from creditors in February to survive the current economic downturn and buy time to find a new owner. The company said last month it had signed confidentiality agreements with 27 potential bidders.
Ray Kopczynski
Albany, OR
posted by 159.121.201...
_______________________________________ RayK
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