General Motors Corp. will learn late Tuesday whether enough investors holding $27.2 billion of debt will exchange their bonds for equity or if the doomed offer will force the auto maker to follow cross-town rival Chrysler LLC into an historic bankruptcy. Reaching a deal with the bondholder groups, which weeks ago roundly rejected GM’s offer of a 10% stake in return for forgiving the debt, potentially represents the final piece needed to stave off a Chapter 11 filing, now that the auto ...

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