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Delphi Exits Ch. 11 In Lenders' Hands

Law360, New York (October 06, 2009) -- After four years in bankruptcy, auto parts manufacturer Delphi Corp. has emerged from restructuring a smaller, privately owned company committed to ushering in the next generation of vehicles.

A consortium of lenders led by Elliott Management Corp. and Silver Point Capital LP have acquired most of Delphi businesses in a pure credit bid that puts the newly formed...

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