Judge approves plan to sell GM assets - NYT

Mon Jul 6, 2009 12:10am EDT
 
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WASHINGTON, July 6 (Reuters) - A judge in a federal bankruptcy court in Manhattan late on Sunday approved a plan by General Motors GMGMQ.PK to sell its best assets to a new, government-backed company, The New York Times.

With approval of the plan, GM and the government are seeking to close the sale by Monday or Tuesday, the newspaper reported, citing people briefed on the matter. (Reporting by JoAnne Allen; editing by Anthony Boadle)

 

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