Pursuits
Delphi, Calpine, Interstate, Monitor Oil: Bankruptcy
This article is for subscribers only.
Auto parts maker Delphi Corp. announced yesterday it reached ``agreement in principle'' on changes in the reorganization with former parent General Motors Corp., the official committees representing creditors and stockholders, and the group led by Appaloosa Management LP that's to provide $2.55 billion in financing.
Delphi said the alterations in the plan ``primarily reflect changes required'' to gain the two committees' support for the reorganization. Delphi said it may make more alterations in the plan before today's hearing for approval of the disclosure statement explaining the reorganization.