ArvinMeritor takes Dana to court, bid turns nasty

Newswire

NEW YORK, July 29 (Reuters) - Auto parts maker ArvinMeritor , which has launched a hostile bid for rival Dana Corp. , said on Tuesday it filed a lawsuit against Dana for making "misrepresentations" in statements concerning its rejection of ArvinMeritor's $2.2 billion bid. In the suit, filed in a U.S. district court in Virginia on Friday, ArvinMeritor accused Dana of making material "misrepresentations" in statements in which Dana defended its decision to reject ArvinMeritor's bid. In the ...

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