Pardus raises stake in Visteon to 15.6 percent

Newswire

CHICAGO, Oct 26 (Reuters) - Pardus Capital Management LP has increased its stake in auto parts maker Visteon Corp. to 15.6 percent from 14.1 percent, according to a regulatory filing on Thursday. Pardus acquired 2 million Visteon shares on Tuesday and Wednesday at prices ranging from $7.50 to $7.85 each and now holds 20 million shares, the investment fund said in a filing with the U.S. Securities and Exchange Commission. In September, Pardus said it was considering nominating a candidate ...

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