Funds holding Chrysler debt in talks with Treasury

Newswire

DETROIT, April 30 (Reuters) - A group of 20 funds, which hold a total of $1 billion in Chrysler LLC debt, said on Thursday that it is in talks with the U.S. Treasury and has made a new offer on reducing the automaker's debt. "We are continuing to discuss our position with the United States Treasury," the group said in a statement. "We have made a proposal which we earnestly believe is fair and would appropriately recognize our legal position." Chrysler will file for Chapter 11 bankruptcy ...

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