Delphi Pact

Source: www.labourstart.org --- 28 days ago
Source: TradingMarkets.com ...

Source: www.marketwatch.com --- 69 days ago
Delphi Corp. filed a complaint against hedge fund Appaloosa Management LP and related investors for alleged breach of contract and fraud. The Troy, Mich., auto parts maker claims Appaloosa refused to honor an equity financing commitment of up to $2.55 billion that would have helped Delphi emerge from Chapter 11 bankruptcy. An Appaloosa spokesman wasn't immediately available for comment. Delphi, which filed the legal action in New York bankruptcy court, said the plan investors received over $60 million in fees for their commitments. Last month, Appaloosa terminated the investment deal with the company, arguing Delphi broke the terms of the deal. ...

Source: online.wsj.com --- 112 days ago
A group that had planned a $2.55 billion equity investment in Delphi said it's pulling out of the Pact, dealing the auto supplier a setback as it looked to end its stay in Chapter 11 protection. ...

Source: www.miamiherald.com --- 112 days ago
An private equity group said Friday it has terminated its agreement to invest $2.55 billion in auto parts supplier Delphi Corp., which has been trying to emerge from bankruptcy protection. ...

Source: www.njbiz.com --- 112 days ago
A private equity group said Friday it has terminated its agreement to invest $2.55 billion in auto parts supplier Delphi Corp., which has been trying to emerge from bankruptcy protection. ...

Source: futureoftheunion.com --- 36 days ago
June 17, 2008 UAW Local Reaches Tentative Deal With Delphi by The Business First of Buffalo Union workers at Delphi Thermal Systems in Lockport will vote next week on a new labor Pact with the automotive parts company, UAW officials said. Local 686 of the United Auto Workers announced a tentative agreement is in place with the Detroit-based company. [...] ...