Because I was once under the delusion that I could somehow buy the whole company and I find it interesting now to wade through the garbage that is being cleaned out of the market.
One man's trash is another man's treasure, don't you agree?
My interest is purely the vicarious thrill of knowing that I once approached this company with an offer to buy it at a ridiculously high price.
Auction determines price on some Delphi derivatives Fri Nov 4, 2005 11:56 AM ET
NEW YORK, Nov 4 (Reuters) - Some derivatives contracts insuring against a debt default by bankrupt auto supplier Delphi Corp. (DPHIQ.PK:) will be settled with a fixed cash payment of 63.375 percent of the amount insured, according to the results of an auction on Friday.
Fifteen of the largest derivatives dealers participated in the auction to determine a value at which the contracts could be settled with a cash payment, instead of requiring the transfer of Delphi's bonds.
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