Paulson Sells More Delphi Automotive (DLPH) Equity Likes Debt

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HFA Staff
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Paulson & Co. filed today a form 4 stating that he has divested himself of part of his share in Delphi Automotive PLC (NYSE:DLPH) worth over $100 million. The actual numbers involved were a 3,250,000 shares sold at $32.00 each. That sale leaves the hedge fund with somewhere in the region of 45 million shares. Delphi Automotive has been a strong asset for Paulson whose funds have suffered in the past year from over exposure to banks, including Bank of America and Citigroup. His bet on the early recovery of the economy last year did not pan out and his funds…

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