Collins & Aikman shareholders exploring sale of some shares

TROY, Mich. (Dec.1)—Collins & Aikman Corp.´s two principle shareholders, Blackstone Cpaital Partners L.P. and Wasserstein Perella Partners L.P., are ``exploring alternatives´´ for their combined 87-percent investment in the automotive supplier, the company said in a written disclosure. The supplier is not, however, up for sale, a spokeswoman for Collins & Aikman said. The moves are part of a long-term strategy to increase the supplier´s liquidity, she said. According to Financial Times reports, Blackstone has submitted bids for the automotive business of TI Group.