UPDATE 1-Delphi, investors extend termination rights

Newswire

(Recasts, adds background, details) CHICAGO, Feb 28 (Reuters) - U.S. auto parts maker Delphi Corp. and an investor group will stick with a $3.4 billion bankruptcy emergence plan for at least two weeks beyond a deadline triggered by failure to reach deals with General Motors Corp. and its unions, Delphi said on Wednesday. Delphi and the investor group led by Cerberus Capital Management LP and Appaloosa Management LP previously had to decide by Wednesday whether to terminate the deal ...

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