REFILE-UPDATE 2-Six suitors, including TRW, eyed Delphi-sources

Thu Jul 9, 2009 9:26pm BST
 
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(Refiled to fix typo in headline)

* Multiple suitors considering Delphi bid-sources

* TRW Automotive, Appaloosa also looked at books -sources

* TRW unlikely to bid - source

* Friday is bid deadline for Delphi assets (Adds background on Delphi bankruptcy process)

By Soyoung Kim and Megan Davies

DETROIT/NEW YORK, July 9 (Reuters) - At least six potential suitors including TRW Automotive Holdings (TRW.N) have considered bidding for Delphi Corp (DPHIQ.PK), as the deadline for offers on the assets of the bankrupt auto parts maker approached, sources briefed on the matter said on Thursday.

Auto parts maker Federal-Mogul Corp (FDML.O), billionaire investor Wilbur Ross, and Delphi's bankruptcy lenders including hedge fund Elliott Management are considering bids that could compete with private equity firm Platinum Equity, the people said.

Livonia, Michigan-based parts supplier TRW has looked at Delphi's books but is unlikely to submit a bid on Friday, one source said.  Continued...

 

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