PARIS – U.S.-based Metaldyne Corp. will double its European business if it acquires VCST Industrie early next year as expected. The two suppliers signed a letter of intent in September, targeting completion of the deal for an unnamed sum by the end of December. A spokesman at VCST headquarters in Belgium says the due diligence process is on schedule, but the companies will not be able to close before the end of the year as planned. VCST recently began supplying a timing gear ...
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