Delphi To Sell Wheel Bearings Unit For Up To $44.2 Million

Resource from: CBCC Likes:2956

Jan 18,2008

Delphi Corp. has agreed to sell its wheel bearings unit to Resilience Capital Partners, a private equity firm, for up to $44.2 million, subject to price adjustments. The company filed a motion with the U.S. Bankruptcy Court to request a bidding-procedures hearing on Jan. 25. Delphi expects a final sale hearing during the first quarter of 2008, following the bidding procedure process. The Troy, Mich., auto parts company has said it will attempt to exit bankruptcy before the end of March.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Timken to Announce 2007 Financial Results January 31
Next Russia Will Hit Chinese Bearings With Dumping Duties

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.