BREAKINGVIEWS-Get ready for EBITDAPO

Newswire

By Antony Currie NEW YORK, June 28 (Reuters Breakingviews) - That's how bankers are valuing General Motors' planned share sale. The metric is usually used for distressed firms -- PO stands for pensions and other obligations like healthcare. Wheeling it out for GM's IPO is a reminder that last year's bankruptcy was not a cure-all. A considered view will be published shortly. CONTEXT NEWS -- General Motors [GM.UL] may file its intent to sell shares to the public with the Securities and ...

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