Paulson Fund Is The Big Seller In Delphi Automotive IPO

Law360, New York (November 8, 2011, 3:23 PM EST) -- Hedge fund Paulson & Co. Inc., reportedly battered by redemptions and soured investments, will sell as many as 24.2 million shares out of 27.7 million offered in Delphi Automotive PLC's $664 million initial public offering, a regulatory filing disclosed Monday.

New York-based Paulson, owned by billionaire hedge fund guru John A. Paulson, plans to reduce its private share position in the Troy, Mich.-based auto parts maker — an erstwhile part of General Motors Co. that left bankruptcy in 2009 — from 72.3 million to 51.7 million...
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