DETROIT, Jan 23 (Reuters) - Delphi Corp. said on Tuesday it had signed an agreement for an investment of up to $3.4 billion by a bloc of funds that will take a controlling stake in the auto parts maker as it emerges from bankruptcy. The bankruptcy court overseeing Delphi's reorganization approved the equity investment plan earlier this month over the objections of hedge fund Highland Capital Management, which offered a rival $4.7 billion reorganization plan. Delphi said in a filing with ...
Premium Content (PAID Subscription Required)
"Delphi, investor bloc sign $3.4-billion equity deal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.