Thursday, May 30, 2024 May 30, 2024
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Business

HEDGE FUND SHOWDOWN

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Auto parts maker Delphi has been struggling. On Monday, an investor group came up with a plan to save it. Dallas’ Highland Capital, which owns 8.9 percent of Delphi, wasn’t a fan of the plan and wrote a letter that proposed another one. The Monday plan is in a judge’s hands.

Is it just me, or does it seem like lately hedge funds and private equity groups rule the world?

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