EU Clears Platinum To Buy Car Parts Co Delphi
August 05 2009 - 8:45AM
Dow Jones News
The European Commission Wednesday cleared the private equity
company Platinum Equity LLC to buy parts of U.S. auto supplier
Delphi Corp.
Delphi (DPH), which was spun off from General Motors Corp. (GM)
in 1999 and filed for bankruptcy in 2005, plans to sell most of its
global operations to Platinum Equity.
-By Peppi Kiviniemi, Dow Jones Newswires; +32 (0)2 741 1 483;
peppi.kiviniemi@dowjones.com