Investment bank Goldman Sachs Group Inc. said Monday it has joined a group of institutional investors spearheading a $3.4 billion rights offering for supplier Delphi. Goldman, which owns 19.5 million shares of Delphi common stock, agreed to buy up to 6.4 million direct subscription shares in Delphi as part of a deal orchestrated by private equity firms Cerberus Capital Management and Appaloosa Management, which agreed to finance the General Motors spinoff out of bankruptcy protection.
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