Spyker agrees to buy Saab -source

Newswire

NEW YORK, Jan 26 (Reuters) - Dutch sportscar maker Spyker has agreed to buy Saab from General Motors Co [GM.UL] for $74 million in cash and $326 million in preferred shares in the new company that would emerge after the deal, a source familiar with the matter said on Tuesday. The agreement, which would save the 72-year-old Swedish brand from being wound down, is subject to a 400 million-euro guarantee from Sweden, the source said. The person spoke on condition of anonymity because details ...

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