Jun
05
Interpublic Puts Its Exposure to GM Bankruptcy at $50 Million
Posted in: UncategorizedDETROIT (AdAge.com) –Interpublic Group of Cos. believes its maximum exposure to General Motors Corp.'s bankruptcy proceedings is $50 million, the agency holding company said today in a brief filing with the Securities and Exchange Commission. But the company also said, "GM's subsidiaries outside the United States have not commenced bankruptcy or similar proceedings, and if they did so the company's potential exposure could increase."
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