Highland Bids For Lead Role In Delphi Emergence

Law360, New York (June 14, 2007, 12:00 AM EDT) -- Highland Capital Management LP is again pursuing a deal that would make it the lead investor to spring Delphi Corp. from Chapter 11.

The company, which Delphi spurned previously for a bid from Cerberus Capital Management and Appaloosa Management, said Wednesday in a filing with the U.S. Securities and Exchange Commission that it has entered into a confidentiality agreement with Delphi.

The filing said that the amended confidential agreement allowed it to see non-public, confidential and/ or propriety information to evaluate “possible negotiated business arrangements” involving...
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