General Motors Co. says it continues to work with two remaining bidders on their best and final offers for Adam Opel GmbH, shooting down media reports a deal had been reached with a consortium led by parts supplier Magna International Inc. and that it favors an offer from private-equity firm RHJ International. However, GM Group Vice President John Smith, who leads negotiations for the sale of the auto maker’s German unit, also reiterates the offer from RHJI remains the least complex of the ...

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