NEW YORK May 4 General Motors on Thursday
defended the information it gave to credit ratings agencies
regarding Greenlight Capital's dual share plan, saying the
company's term sheet had complete and accurate information.
The defense was part of a broader release responding to the
escalating battle with Greenlight, and came just after the hedge
fund posted a copy of the structure's original ratings agency
term sheet and the sheet it said was given by GM to the
Greenlight posted a third annotated term sheet
(www.unlockgmvalue.com) highlighting changes from the original.
"Our plan does not have cumulative dividends," Greenlight
said in one of the annotations highlighting a change.
(Reporting by Michael Flaherty; Editing by Chizu Nomiyama)