Delphi accepted 2.55 billion U.S. dollars of new investment agreements
From: MarketWatch report in San Francisco, July 18.
In a state of bankruptcy reorganization under the auto parts supplier Delphi Corp. (DPHIQ) Wednesday announced , has accepted a new high of 2.5 billion 50 million U.S. dollars of investment proposals.
Delphi said, its acceptance of the new investment proposal from Appaloosa Management L.P. public association Secretary, Harbinger Capital Partners Master Fund I Ltd. , Merrill Lynch, Pierce, Fenner & Smith Inc. , the Swiss Securities Bank, Goldman Sachs Group, and Pardus Capital Management L.P., and by the General Motors Corporation for their support.
This agreement is subject to bankruptcy court approval.
According to the agreement, the investors will commit to purchase Delphi 800 million U.S. dollars worth of convertible preferred shares, and the value of 100 million 75 million U.S. dollars of ordinary shares.
These investors will purchase commitments and Delphi planned 1.6 billion U.S. dollars of the rights offering is not related to the sale of any ordinary shares.
This rights offering will be in the Delphi reorganization plan is approved after the start.
Copyright Fund China 2009.
You Might Like:
You must be logged in to post a comment.