Thursday, July 19, 2007

Delphi rejects Highland investment plan

(Reuters) - Highland had proposed to invest up to $2.4 billion in new Delphi shares, $450 million in Series A convertible preferred stock and $450 million in preferred stock, according to the filing.




On Wednesday, Delphi accepted a revised proposal from a group led by Appaloosa Management to invest up to $2.55 billion in Delphi equity.


Read more at Reuters.com Bonds News

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