UPDATE 1-Deadline passes for GM bondholders; focus now on Ch. 11

Newswire

* Bondholders had until 5 p.m. EDT/2100 GMT to take deal * GM had no comment * GM expected to file for bankruptcy on Monday (Adds expiration of GM bondholder deadline; Obama administration reaction to GM, Opel deal) By Poornima Gupta and Kevin Krolicki DETROIT, May 30 (Reuters) - General Motors Corp on Saturday finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration ...

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