Acquisition of Walbro Corp. will make the U.K.-based TI Group the first supplier able to provide automakers with complete fuel delivery and storage systems, executives say. Last week, TI disclosed it was making a bid for Walbro totaling $570 million in cash and assumption of debt ($388 million). That's equal to 0.8 times Walbro sales. The offer, supported by Walbro's board, culminates 18 months of negotiations between the two companies. If accepted by shareholders, the transaction could be ...
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