Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

John Paulson Filed Initial Statement Of Ownership In Delphi Automotive

John Paulson’s Paulson & Co filed initial statement of beneficial ownership in Delphi Automotive PLC (DLPH) yesterday regarding the stock’s IPO in November. Paulson listed totally 51.74 million shares in 9 separate DLPH positions in his fund. According to Bloomberg, John Paulson paid 67 cents per shares in Delphi years ago when the company filed bankruptcy. Previously Delphi was General Motors’ electronics parts subsidiary. The company initial offered at $22 for 24 million shares on November 16th, and most shares were sold by John Paulson. As a result, John Paulson and his Paulson & Co might have gained more than $400 million in this investment.

PAULSON & CO

Per Google Finance, Delphi Automotive LLP is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets. It is a vehicle component manufacturer, and its customers include the 25 automotive original equipment manufacturers (OEMs) in the world. As of August 19, 2011, it operated 110 manufacturing facilities and 15 technical centers utilizing a regional service model, which enables it to serve its global customers. Its business is diversified across end-markets, regions, customers, vehicle platforms and products.”

Loading...