Investor Group Scraps $2.55B Delphi Deal
In a filing with the U.S. Securities and Exchange Commission, a group of investors led by Appaloosa said that Delphi had “breached provisions of the agreement.”
Other members of the investor group, dubbed A-D Acquisition Holdings LLC, include Merrill Lynch, UBS Securities LLC and Goldman Sachs & Co.
One violation, according to the letter,...
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