TOKYO, Sept 1 (Reuters) - Japanese auto parts maker Asahi Tec Corp. said on Friday it will buy U.S. rival Metaldyne Corp. in a deal totalling $1.2 billion, including debt. Asahi Tec, owned 63 percent by RHJ International , the holding company of U.S. buyout firm Ripplewood Holdings, also said it would issue $188 million worth of new shares to trading house Mitsui & Co. and one other party.
Premium Content (PAID Subscription Required)
"Asahi Tec says to buy Metaldyne for $1.2 bln total" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this content. Premium paid subscribers also gain access to:
All of WardsAuto's global industry reporting and analysis
WardsAuto Community functions
Hundreds of downloadable data tables including:
• Monthly 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
• Vehicle specifications
• Historical data and much more! (P)
For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
Current subscribers, please login or CLICK for support information.
