E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/27/2007 in the Prospect News Special Situations Daily.

Pardus adds to Visteon investment with purchase of 4 million shares

By Lisa Kerner

Charlotte, N.C., July 27 - Visteon Corp. investor Pardus Capital Management LP bought an additional 4 million shares of the company's stock between July 6 and July 26, priced from $6.60 to $8.05 per share, a schedule 13D Securities and Exchange Commission filing stated.

The reporting persons own 27 million shares, or 20.8%, of the Van Buren Township, Mich., automotive systems and technology supply company.

On June 12, Pardus reported the purchase of 1 million shares of Visteon stock between June 6 and June 8, priced from $7.81 to $8.06 per share. Pardus owned 18.13% of the company at that time.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.