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Reuters: Key Delphi deal deadline extended after GM offer

Started by chris, March 06, 2008, 02:01:03 AM

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chris

Key Delphi deal deadline extended after GM offer
      


DETROIT (Reuters) - Delphi Corp  said on
Wednesday Appaloosa Management, the lead investor behind a
planned equity infusion of $2.55 billion in the bankrupt auto
parts maker, had agreed to extend a deadline to terminate that
deal as Delphi scrambles to complete its exit financing.
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