• Friday, Oct. 8, 2010
MGM Seeks Approval For Bankruptcy Plan
  • LOS ANGELES (AP)
  • --

Metro-Goldwyn-Mayer Inc. said it has begun seeking its creditors' approval on a prepackaged bankruptcy plan in which they will exchange more than $4 billion in debt for equity in a new company that has rights to the James Bond franchise and the upcoming two-part movie series "The Hobbit."
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