WASHINGTON -(Dow Jones)- Appaloosa Management LP reported Tuesday holding a 9.3% passive stake in Delphi Corp. (DPH), according to a Schedule 13G filed with the Securities and Exchange Commission.
Appaloosa beneficially owns 52 million common shares of the biggest U.S. auto- parts maker, the filing said.
Appaloosa reported its holdings on a form designated for passive investors, or those not seeking to change or influence a company's operations. Filers aren't required to provide a reason for any changes in stake and aren't required to detail any transactions.
As reported, Delphi filed for bankruptcy protection on Saturday, saying its global operations would continue without interruption.
Shares of Delphi recently traded at 36 cents, up 3 cents.
-By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
(END) Dow Jones Newswires
10-12-050127ET
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