{"id":5444,"date":"2006-12-21T00:00:00","date_gmt":"2006-12-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-has-alternative-plan-for-delphi","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/12\/2006\/hedge-fund-has-alternative-plan-for-delphi.html","title":{"rendered":"Hedge fund has alternative plan for Delphi"},"content":{"rendered":"<p>Reuters -Highland Capital, a hedge fund that is the second-largest shareholder in Delphi Corp., plans to send a letter on Thursday to Delphi&#8217;s board outlining a $4.7 billion capitalization plan forthe company, the Wall Street Journal reported on its Web site.<\/p>\n<p>  That would counter a proposal from a group of investors led by Appaloosa Management and Cerberus Capital Management.<\/p>\n<p>  Delphi, which is under Chapter 11 bankruptcy-court protection, laid out a road map for reorganization on Monday that includes an investment of up to $3.4 billion from a private equity group,  potential creditor recoveries and an executive succession plan.<\/p>\n<p>  Appaloosa Management LP and Cerberus Capital Management LP are leading the group that will invest up in the auto parts maker, giving the investors a large stake when Delphi emerges from bankruptcy.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/today.reuters.com\/stocks\/QuoteCompanyNewsArticle.aspx%3Fview%3DCN%26storyID%3D2006-12-21T053006Z_01_N21448508_RTRIDST_0_DELPHI-RECAPITALIZATION.XML%26rpc%3D66&amp;cid=1112090441&amp;ei=d2GKRf35Ho_MpwLox7GRDA\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters -Highland Capital, a hedge fund that is the second-largest shareholder in Delphi Corp., plans to send a letter on Thursday to Delphi&#8217;s board outlining a $4.7 billion capitalization plan forthe company, the Wall Street Journal reported on its Web [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5444","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5444"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5444\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}