Hogen Ho, executive chairman of the corporate restructuring committee of Daewoo Group, tells Ward's that Ford Motor Co. has a “gentleman's agreement” to complete its deal to buy Daewoo Motor within eight weeks of its preliminary bid on June 26. He also will not object if Ford allows Hyundai Motors Co. Ltd. to take a minority share of Daewoo. The successful bidder will get all of Daewoo Motor's assets at a bargain price, and none of its debts, he says. • David E. Cole, who founded the ...
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