UPDATE 1-ArvinMeritor extends $2.2 bln Dana offer

Newswire

(Updates with Dana response, more details) NEW YORK, Oct 30 (Reuters) - U.S. auto parts maker ArvinMeritor on Thursday extended its $2.2 billion hostile takeover offer for Dana Corp. by another month as shareholders have not been urgently moved to favor the bid. ArvinMeritor , based in Troy, Michigan, said as of 5 p.m. EDT on Thursday, about 2.28 million Dana shares, or around 1.53 percent of the company's total outstanding shares, had been tendered and not withdrawn in favor of the ...

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