UPDATE 1-Visteon to exit bankruptcy in hands of hedge funds


* Auto parts maker cleared to exit bankruptcy * Visteon's revival caps industry-wide restructuring * Hedge funds to control revived company By Tom Hals WILMINGTON, Del., Aug 31 (Reuters) - Visteon Corp received court approval on Tuesday for its bankruptcy reorganization, ending a 15-month fight among hedge funds, lenders and an industry giant for a piece of the revived auto parts maker. Visteon overcame objections about the treatment of retiree benefits and the way big-money ...

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