Dana replacement parts unit sale to close in Oct


CHICAGO, Sept 28 (Reuters) - Auto parts maker Dana Corp. said on Tuesday it now expects to close the sale of its replacement auto parts unit to private equity firm Cypress Group in October instead of the third quarter. The sale was pushed back by delays in the purchasers receipt of financing and in overseas regulatory approvals, Toledo, Ohio-based Dana said. Dana in July said it agreed to sell the replacement parts business to Cypress for about $1.1 billion to focus on original equipment ...

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