LATEST ANALYSIS
July 24, 2009
Deal Highlight: PBGC Rescues Delphi
The Pension Benefit Guaranty Corporation (PBGC) has stepped in to assume Delphi Corporation’s pensions covering 70,000 Delphi workers and retirees, saving Delphi $6.2 billion in pension liabilities. The July 21, 2009 settlement agreement consummating the PBGC’s rescue is…
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