Platinum fund gets antitrust OK for Delphi unit

Newswire

WASHINGTON, May 20 (Reuters) - Platinum Equity Capital Partners LP received U.S. antitrust approval to acquire the steering business of bankrupt auto parts supplier Delphi Corp , U.S. officials said on Tuesday. Antitrust authorities completed their review of the deal without taking any action to block it, the U.S. Federal Trade Commission said in a notice. Delphi received bankruptcy court approval for the sale earlier this year. The company has been spinning off units and closing plants ...

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