WILMINGTON, Del., April 19 (Reuters) - Shareholders of bankrupt Visteon Corp asked a court for permission to form an official committee to represent them in talks to reorganize the auto parts marker, according to court documents.
Holders of 2.2 percent of the company's common stock requested the official committee as a way for them to join the talks on a $950 million rights offering aimed at recapitalizing the company, according to the request filed on Friday.
The shareholders, Cypress Management Master LP, Lenado Capital Advisors LLC and Goshawk Capital Corp, said an official committee would also help them develop an alternative rights offering to bring the company out bankruptcy. |