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CORRECTED-Dana board to evaluate new ArvinMeritor bid

In CHICAGO story headlined "Dana board to evaluate new ArvinMeritor bid," please read in second paragraph "... making the deal potentially worth $2.7 billion ... " instead of " ... $2.53 billion ... " (corrects figure).

A corrected version follows.

CHICAGO, Nov 17 (Reuters) - Auto parts supplier Dana Corp. on Monday said its directors would evaluate a revised takeover offer from ArvinMeritor Inc. and urged its shareholders to wait for the board to announce its position before deciding whether to tender their shares.

ArvinMeritor earlier on Monday said it raised its hostile all-cash offer for Dana by 20 percent to $18 a share, making the deal potentially worth $2.7 billion.