UPDATE 1-Delphi buys GM, PBGC stakes for $4.4 bln

Newswire

* Delphi buys Class A interests from GM for $3.8 bln * Delphi buys Class C interests from PBGC for $594 mln DETROIT, March 31 (Reuters) - U.S. auto parts maker Delphi bought stakes in the company held by General Motors Co and the Pension Benefit Guaranty Corporation for a total of $4.4 billion, Delphi said on Thursday. Delphi purchased Class A interests owned by GM for $3.8 billion. It also bought the PBGC's Class C interests for $594 million. In a separate statement, GM said it ...

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