Delphi Corp. says it is postponing a $300 million offering of its preferred stock because it says former parent General Motors Corp. sapped market demand with its own $17.6 billion offering. A Delphi spokeswoman tells Reuters the enormity of GM’s debt offering, which the auto maker hopes will replenish its under-funded U.S. pension plan, reduced market capacity to absorb any other offering. Delphi says it now will offer its stock in the third quarter. Delphi is hoping the $300 million ...
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