UPDATE 2-ArvinMeritor raises Dana bid, says it's final

Newswire

(Recasts first sentence, adds analyst comments, Dana response, adds byline, dateline previously NEW YORK) By Susan Kelly CHICAGO, Nov 17 (Reuters) - Auto parts maker ArvinMeritor Inc. on Monday raised its all-cash offer for rival Dana Corp. by 20 percent, but Dana's stock sank amid speculation the deal could be unraveling. ArvinMeritor said the new $18-a-share offer was final. The revised offer values Dana at $2.53 billion and is up from the previous offer of $15 a share. Shares of ...

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