Automodular rejects takeover bid, shares halted

Newswire

TORONTO, Dec 20 (Reuters) - Canadian auto-parts supplier Automodular Corp. said on Wednesday it will reject an unsolicited takeover offer it says it received from a major automotive parts supplier that it has not named. Automodular said the conditional expression of interest, which did not include financial terms, was to be followed by an offer to acquire additional common shares of Automodular that would have given the unnamed company 51 percent. Automodular said in a press release it ...

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