Replies to post #5559 on Visteon Corporation (VC)

[MACS_Inc]

Is this their insurance program or what do you think this is?
This is a good thing right?
Mac

[Singatoka2010]

No it's brand new. This one and the one filed yesterday by Citadel are both related and comment on the Equity Commitment agreement. Does anyone have a good understanding of this? It talks about future commitment to buys shares at $27 a share etc.

Looks like Goldman bought back in January.

[marmaj]

The way I read it is that the own ~5M shares from a while back, and that they struck a deal with Visteon to have the right of purchasing ~30M of the new shares, which will be issued post Visteon emerging from the BK, if the BOD has their way.

-mm-