Ending speculation about Breed Technologies' future, Harvard Industries Inc. has agreed to purchase the financially plagued air bag supplier for more than $600 million. The deal, pending bankruptcy court approval, means Harvard would assume $300 million of Breed's debt and pay roughly $220 million to creditors. Breed's creditors would receive about 45% of the equity of the combined company, expected to have annual revenues of about $1.7 billion. Breed filed for Chapter 11 bankruptcy in ...

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