EXCLUSIVE-UPDATE 1-GM bondholders to meet Monday-source

Newswire

(Adds details, byline) By Walden Siew NEW YORK, March 30 (Reuters) - The committee representing General Motors Corp bondholders plans to meet later on Monday to discuss a debt restructuring plan, according to a source familiar with the situation. GM has offered bondholders 8 cents on the dollar in cash, 16 cents on the dollar in new, unsecured debt; and a 90 percent stake in the automaker, said the source, who spoke on condition of not being identified by name. With about $28 billion ...

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