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GM’s equity would be majority-owned by the U.S. Treasury once the automaker’s restructuring plan is in place, said another person familiar with the discussions, who wouldn’t estimate the government’s ownership percentage in the Detroit- based company. The Canadian government also would have an equity stake, the person said.
The U.S. and Canadian governments may have equity ownership of as much as 69 percent. GM has proposed giving bondholders a 10 percent equity stake in the reorganized company and current shareholders 1 percent. The company also has agreed to provide as much as 20