Delphi Corp. is given the green light by a U.S. Bankruptcy Court judge to invite further bids for its global steering and halfshaft business, Reuters reports. The deadline for bids is Jan.18, with an auction scheduled for Jan. 28 and a hearing to approve the sale set for Feb.21. Delphi already has signed a master sale and purchase agreement with Steering Solutions Corp., a unit of Platinum Equity LLC, for the sale of the divisions, with the transaction valued at $447 million. Delphi’s lawyer ...
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