Skip navigation
Newswire

ArvinMeritor files Dana papers with regulators

NEW YORK, Aug 22 (Reuters) - U.S. auto parts company ArvinMeritor Inc on Friday filed much-awaited documents to regulators over its plans to buy bigger rival Dana Corp. , it said.

The filing will be followed by a 30-day review period in which the deal will be reviewed by the Federal Trade Commission and the Department of Justice.

ArvinMeritor launched a $2.2 billion hostile bid in July and Dana has rejected it on grounds that it is too low.