Pardus increases stake in Visteon to 9.2 percent


WASHINGTON, May 23 (Reuters) - Pardus Capital Management LP has increased its stake in auto-parts maker Visteon Corp. to 9.2 percent from 7.8 percent. The investment fund did not state any new intentions in the filing with the U.S. Securities and Exchange Commission, but has previously said it may ask management to take steps such as a merger or transfer of assets to increase shareholder value. Visteon, which avoided bankruptcy last year as a result of a bailout by its one-time parent ...

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