UPDATE 1-Rank Group to buy UCI International for $375 mln

Newswire

* Rank to additionally assume debt of about $605 mln * Deal to have termination fee of $100 mln Nov 29 (Reuters) - New Zealand-based private investment firm Rank Group said it agreed to acquire automobile spare parts maker UCI International Inc for $375 million. Rank Group, owned by New Zealand billionaire Graeme Hart, said it will additionally assume debt of UCI and its units, estimated at about $605 million. Evansville, Indiana-based UCI International said last week it priced its ...

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