UPDATE 2-Delphi to get $3.4 bln private equity infusion

Newswire

(Adds analyst's remarks, details of proposed plan, no comment from union, byline) By David Bailey CHICAGO, Dec 18 (Reuters) - A private equity group led by Appaloosa Management LP and Cerberus Capital Management LP will invest up to $3.4 billion in bankrupt auto parts maker Delphi Corp. , giving the investors a large stake when the company emerges from bankruptcy, Delphi said on Monday. Delphi also said Chairman and Chief Executive Steve Miller will step down as CEO on Jan. 1 and be ...

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