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Delphi obtains court approval of Kettering facility damper business sale
By Rebecca Melvin
New York, April 30 - Delphi Corp. obtained final approval of the Kettering, Ohio, facility damper business asset sale to stalking horse bidder Tenneco Inc. for about $19 million.
The sale for certain machinery and equipment of Delphi Automotive Systems LLC was initially approved by the U.S. Bankruptcy Court for the Southern District of New York on March 20.
Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8, 2005. Its Chapter 11 case number is 05-44481.
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