Delphi, investors extend termination rights

Newswire

CHICAGO, Feb 28 (Reuters) - Bankrupt U.S. auto parts maker Delphi Corp. and an investor group have agreed to extend by at least two weeks the right for either side to terminate a proposed $3.4 billion investment plan, the company said on Wednesday. Delphi and the investor group led by Cerberus Capital Management LP and Appaloosa Management LP previously had to decide by Wednesday whether to terminate the deal without running into potential obligations. The Feb. 28 requirement was ...

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