Delphi's bonds, What will happen to them now that the company is private ?
I have about $250 K in bonds which will mature between 2029 and 2033 but I do not understand all the mailings that I have received. Will I get something back, ever ? Or do I need to just forget about them ?
Best Answer
Delphi: A Helluva Bargaining Chip GM bets the ailing parts maker will win big ... And ResCap 5-year bonds yield 1 percentage point more than those of rival ... About 5000 workers are drawing the bennie now, costing GM $750 million a year. ... at Delphi and replace them with a 401(k) plan, allowing the company to
