Auto parts supplier Meridian pulls IPO plans

Newswire

WASHINGTON, Feb 25 (Reuters) - Meridian Automotive Systems Inc. pulled plans for its initial public offering on Tuesday, telling regulators that "current market conditions" didn't support an offering at this time. The Dearborn, Michigan-based firm had planned to raise as much as $173 million through a sale of its common stock, according to previous Securities and Exchange Commission filings. It never detailed the price or amount of shares to be offered. The company supplies bumpers and ...

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