* GM board set to meet as soon as Wednesday * Company cancels meeting with noteholders * GM shares set to open 10 pct lower By John Crawley and Kevin Krolicki WASHINGTON/DETROIT, May 27 (Reuters) - General Motors Corp said on Wednesday that a crucial bond exchange proposal failed to gain enough support and that its board of directors would meet to review the automaker's options, clearing the path for what would be the largest U.S. industrial bankruptcy ever. GM said in a statement ...
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