TRAVERSE CITY, MI – Combining ArvinMeritor Inc. and Dana Corp. is a bad idea because the new company would be the highest-leveraged supplier in the sector, there would be no benefit for Dana shareholders and U.S. antitrust regulators surely would object, Dana CEO Joe Magliochetti tells Ward’s. Dana’s Magliochetti doubts ArvinMeritor’s takeover bid would pass regulatory muster. Besides, the offer expires Aug. 28, and Magliochetti says ArvinMeritor has yet to line up financing or ...
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