Delphi will grant the underwriters a 30-day option to purchase up to 450,000 additional shares of class A common stock from the company. Barclays Capital is the sole book-running manager of the offering.
Net proceeds from the offering are expected to be used for general corporate purposes. This offering is being affected in lieu of a $30 million continuous equity offering program the Delphi announced in a form 8-K filing on April 24, 2009, which will be terminated, said Delphi.
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