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Pardus continues to build stake in Visteon
By Lisa Kerner
Charlotte, N.C., Aug. 8 - Pardus Capital Management LP bought an additional 2 million shares of Visteon Corp. between July 27 and Aug. 6, priced from $6.14 to $6.59 each.
The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.
Pardus owns 29 million shares, or 22.4%, of the Van Buren Township, Mich., automotive systems and technology supply company.
On July 27, Pardus owned 27 million shares, or 20.8%, of Visteon. Pardus had an 18.13% stake in the company on June 12.
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