US: Visteon’s share sale plan approved

Visteon has secured bankruptcy court approval for its plan to sell equity to bondholders (requiring significant fees) to finance its exit from Chapter 11. Reuters notes that in an oral ruling Judge Christopher Sontchi stated, "I'm going to overrule the objections and approve the motions." However he also added: "This is Subscribe to Automotive World … Continued

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• June 18, 2010