US: Visteon’s Chapter 11 exit appears in sight

Visteon has revealed that preliminary voting results indicate all creditor and shareholder classes have accepted the company's Fourth Amended Joint Plan of Reorganisation. Preliminary subscription results also indicate that Visteon's US$950m rights offering is oversubscribed. The company has also confirmed that settlement has been reached with an objecting shareholder group Subscribe to Automotive World to … Continued

• By Webmaster
• August 10, 2010