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GM shares jump after bondholder offer announcement

Thu May 28, 2009 10:37pm IST
 
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NEW YORK (Reuters) - Shares of General Motors Corp GM.N resumed trading on the New York Stock Exchange sharply higher on Thursday after the beleaguered automaker said it had made an amended offer to its bondholders.

The stock jumped more than 17 percent to $1.35.

Trading in GM had been halted at the open ahead of the company's announcement.

(Reporting by Ellis Mnyandu; Editing by James Dalgleish)

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