Citigroup: GM’s In Trouble If Cereberus Withdraws Delphi Corp. Bid


Citigroup: GM’s In Trouble If Cereberus Withdraws Delphi Corp. Bid

Related Stocks: DPHIQ.PK, GM FP Trading Desk submits: Word that Cerberus Capital Management LP may withdraw its US$3.4-billion offer for Delphi Corp. (DPHIQ.PK) due to problems negotiating wages and benefits with unionized workers, could spell bad news for General Motors Corp. (GM).GM could also be forced to bail out Delphi in the event of a Cerberus pullout, given that it would lack the much-needed cash expected from the deal. Complete Story »

You might be interested in these entries too:

Delphi to freeze pension plans

TROY, Mich.?Financially troubled auto parts manufacturer Delphi Corp. will freeze its two pension plans and shift some pension liabilities to former parent General Motors Corp. under a bankruptcy reorganization proposal...

U.S. sues Delphi over worker medical records

NEW YORK (Reuters)?The U.S. Equal Employment Opportunity Commission said Monday it sued Delphi Corp. for allegedly making illegal inquiries about employees' medical conditions and retaliating against those who objected. The...

Responses to 'Citigroup: GM’s In Trouble If Cereberus Withdraws Delphi Corp. Bid'


  1. No Comments

Leave a Reply





eXTReMe Tracker