Thursday, October 26, 2006

Pardus Capital Buys Another 2M Shares of Visteon (VC), Bringing Stake to 15.6%

In a 13D filing this morning on Visteon Corp. (NYSE: VC), Pardus Capital disclosed a 15.6% stake (20 million shares) in the company. The fund bought 2 million shares between 10/24 and 10/25 at prices from $7.50 to $7.85.

In a past filing, Pardus Capital said it continues to engage in discussions from time to time with the company and has raised the possibility of an individual suggested by them joining the board.

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