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 ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.