Dana Corp. agrees to sell its non-core internal engine parts business to Germany’s Mahle GmbH for about $157 million, including $98 million in cash. Closure of the deal, which affects about 5,000 workers at 39 facilities in 10 countries, is subject to customary closing conditions and approval by the U.S. Bankruptcy Court for the Southern District of New York. The company expects to finalize the transaction in first-quarter 2007. “This divestiture is an important step in implementing Dana’s ...
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