Hedge fund seeks to increase stake in Delphi-WSJ

Newswire

CHICAGO, Sept 30 (Reuters) - Hedge fund Appaloosa Management may be near an agreement that could give it up to a one-third stake in bankrupt auto parts maker Delphi Corp. when it emerges from court protection, The Wall Street Journal reported on Saturday. Citing several people familiar with the discussions, the Journal said an agreement could come as soon as early October, although the complex plan could unravel before negotiations are completed. Appaloosa, headed by billionaire David ...

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