UAW's tentative deal with GM (GM) and the Treasury includes enabling GM to contribute shares...

|By:, SA News Editor

UAW's tentative deal with GM (GM) and the Treasury includes enabling GM to contribute shares instead of cash to a new, union-managed healthcare plan. On Tuesday, GM said it didn't expect to reach a deal with the UAW before May 26, when an offer to bondholders to exchange $27B in debt for a 10% stake expires. The deal, which must still be ratified, will not necessarily allow GM to avoid bankruptcy.