Thursday, May 31, 2007

Highland, Pardus exploring Delphi investment

(Reuters) - Delphi, based in Troy, Michigan, previously rebuffed
Highland when the hedge fund proposed an alternative to the
$3.4 billion equity plan Delphi had developed with Cerberus
Capital Management LP, Appaloosa Management LP and others last
year.




It was not clear whether a proposal developed by Pardus
would involve or rival the $3.4 billion equity plan.


Read more at Reuters.com Bonds News

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