Delphi has granted the underwriter a 30-day option to purchase up to 450,000 additional shares of class A common stock from Delphi if the underwriter sells more than three million shares of Delphi's class A common stock in the offering.
The offering is expected to settle and close on August 21, 2009, subject to customary closing conditions. Net proceeds from the offering are expected to be used for general corporate purposes. Barclays Capital is the sole book-running manager of the offering.
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