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12-22-2006, 01:27 AM
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#1 (permalink) |
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6.0 Liter LS2 V8
Join Date: May 2005
Location: Just right here
Drives: 1980 'Vette
Posts: 4,972
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Highland ups ante with $4.7 billion Delphi deal
By Kevin Krolicki
DETROIT, Dec 21 (Reuters) - Highland Capital Management L.P. on Thursday proposed a $4.7 billion reorganization plan for Delphi Corp. (DPHIQ.PK: Quote, Profile , Research), setting the stage for a fight for control of the auto parts supplier between its two largest investors as Delphi emerges from bankruptcy. The rival recapitalization plan from Dallas-based hedge fund Highland counters a $3.4 billion equity investment deal Delphi reached this week with a group led by Appaloosa Management LP and Cerberus Capital Management LP. Shares of Delphi closed up $1.03, or 37 percent, at $3.81 in over-the-counter trade, taking the stock to its highest level since the company's bankruptcy filing in October 2005. Article continues at link... http://today.reuters.com/news/articl...D-UPDATE-4.XML
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Of all the properties which belong to honorable men, not one is so highly prized as that of character. Henry Clay |
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12-22-2006, 10:48 AM
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#2 (permalink) |
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7.0 Liter LS7 V8
Join Date: Dec 2003
Location: In front of my computer
Drives: 2006 HHR
2002 Corolla-Before I saw the light
Posts: 8,058
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Re: Highland ups ante with $4.7 billion Delphi deal
i have made over 1000% on this stock already
__________________
Before Understanding comes Faith "Legislatures represent people, not acres or trees"-Earl Warren |
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12-22-2006, 11:00 AM
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#3 (permalink) |
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7.0 Liter LS7 V8
Join Date: Apr 2006
Posts: 5,195
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Re: Highland ups ante with $4.7 billion Delphi deal
Boy, if the union says no, everythign goes South. So my hopes won't be getting up. No, Sir. Experience teaches well.
The entire industry will go bankrupt before.... You know what? Let peace and harmony reign. All the best for the season! I wish Delphi luck! |
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12-23-2006, 07:46 PM
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#5 (permalink) |
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6.0 Liter LS2 V8
Join Date: Sep 2006
Location: Omaha Nebraska, USA
Drives: '08 Malibu LT
'94 Plymouth Voyager
Posts: 4,887
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Re: Highland ups ante with $4.7 billion Delphi deal
who'd be stupid enough to give up an extra $1.3 billion? Delphi could use all the green it could get its hands on......
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