Friday, June 15, 2007

Delphi control may see fight among top stockholders

(Reuters) - How best to divide Delphi's value among bondholders,
creditors and stockholders will become the main issue once the
parts maker reaches crucial labor contracts with unions for its
U.S. hourly workers and commercial deals with General Motors
Corp. , its biggest customer and former parent.




That could pit New Jersey-based Appaloosa Management LP, a
major Delphi shareholder with about 9.3 percent, against
Texas-based Highland Capital Management, which holds 7.8
percent, according to recent filings.


Read more at Reuters.com Bonds News

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