No access to Delphi’s books for bidders -paper
Tuesday, June 23, 2009 : PermalinkReuters – Hedge funds that provided bankrupt U.S. auto parts maker Delphi with debtor-in-possession (DIP) financing are not getting access to the firm’s books, hindering their ability to make a takeover offer, the New York Post reported, citing a person familiar with the situation.
The lenders are led by hedge fund Elliott Associates, the paper said.
In case they do not get access to Delphi’s books soon, the lenders may approach the judge handling the bankruptcy case to intervene, a source told the paper.
Tags:
auto parts, bankruptcy case, debtor in possession, delphi, elliott associates, hedge fund, hedge funds, lenders, new york post, reuters, s-books, takeover, u s auto
