Monday, September 21, 2020

Supplier Garrett Motion files for Chapter 11 backruptcy with purchase offer

The maker or turbochargers said it entered into a "stalking horse" purchase agreement, subject to court approval, with private equity firm KPS Capital Partners for $2.1 billion. It expects to operate without interruption through the reorganization.



from Section Page News - Automotive News https://ift.tt/2El734H

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