Icahn Takes a Second Shot at Delphi
| June 15th, 2009 | ||
| Carl Icahn is in discussions again to take over bankrupt Delphi Corp. According to Reuters, on June 10th a federal bankruptcy court judge ruled that other parties had until July 10th to out-bid an offer that has been placed by Platinum Equity. According to sources, Icahn’s earlier offer for Delphi was better than Platinum’s offer for both for creditors and the U.S. government. Delphi Corp is a Michigan-based auto parts supplier that filed for bankruptcy in 2005. The company was originally a division of General Motors, but was spun-off in 1999. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Icahn Associates (Carl Icahn) |
Related People: Alexander J. Denner;
Related Entities: High River Limited Partnership;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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