NEW YORK, Oct 30 (Reuters) - U.S. auto parts maker ArvinMeritor said on Thursday it was extending its $2.2 billion offer to buy bigger rival Dana Corp. until December 1, 2003. As of Thursday when the offer expired, owners of 2.284 million shares, or around 1.53 percent of Dana's equity capital had been tendered and not withdrawn in favor of the deal. ArvinMeritor shares closed at $16.79 on Thursday while Dana shares closed at $16.14 Both trade on the New York Stock Exchange.
Premium Content (PAID Subscription Required)
"ArvinMeritor extends Dana deal to Dec. 1" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642