DELPHI CORP ! Ein Riese erwacht!

der Tag der Entscheidung. Heute gehts richtig ab !!! Das hat zwar nicht viel damit zu tun, aber trotzdem eine positive nachricht:

Delphi has added a news release to its Investor Relations website.
Title: Delphi Signs Sale Agreement for Wheel Bearings Business

Date: 1/17/2008 8:00:38 AM

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Files Motion to Request Hearing With the Bankruptcy Court
TROY, MI, Jan 17, 2008 (MARKET WIRE via COMTEX News Network) -- Delphi Corporation (PINKSHEETS: DPHIQ), through its subsidiaries, has entered into an asset sale and purchase agreement with Resilience Capital Partners for the sale of its Wheel Bearings business, company officials announced today. Pursuant to the procedures outlined in the Bankruptcy Code, the company filed a motion with the U.S. Bankruptcy Court for the Southern District of New York to request a bidding procedures hearing on Jan. 25, 2008.

Following the completion of the bidding procedure process, a final sale hearing is anticipated to be set during the first quarter of 2008. The final sale of the Delphi Wheel Bearings business is subject to the approval of the U.S. Bankruptcy Court and other closing conditions.

As outlined in the court filing, the asset sale and purchase agreement between Delphi and Resilience Capital Partners includes:

-- Purchase price of up to $44.2M (subject to certain price adjustments)
-- Machinery and equipment
-- Inventory
-- Intellectual property
-- Assignment and assumption of certain customer and supplier contracts
-- Sandusky, OH Production and Engineering Facility
-- Transition of salaried and hourly workforce

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