Delphi, investor bloc sign $3.4-billion equity deal

Newswire

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 ...

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