Paulson Sells More Delphi Automotive (DLPH) Equity Likes Debt

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...