Thursday, April 19, 2007

UPDATE 1-Delphi says Cerberus out as plan investor

(Reuters) - Cerberus may still participate in the reorganization as part of Delphi's exit financing package, and the parts maker may consider possible additional investors, Delphi said.

The other plan investors, including co-leader Appaloosa Management LP, are expected to continue as investors, Delphi said. Cerberus had pledged to invest up to $1.7 billion, with the other half coming from the rest of the group.


Read more at Reuters.com Bonds News

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