Spain’s General Says Can’t Merge With Hune Under Current Terms

General de Alquiler de Maquinaria SA (GALQ) said it can’t merge with Grupo Hune under the terms being discussed, the company said in a regulatory filing late yesterday.

The Spanish company, known as GAM, said both companies will explore new ways to merge with a new plan that could be acceptable by creditors.

To contact the editor responsible for this story: Manuel Baigorri at mbaigorri@bloomberg.net

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