UPDATE 2-Asahi Tec to buy Metaldyne for $1.3 bln-source


(Adds background, latest share move) TOKYO, Sept 1 (Reuters) - Japanese auto parts maker Asahi Tec Corp. will buy privately held U.S. rival Metaldyne Corp. in a deal worth about $1.3 billion, a source close to the matter said on Friday, sending Asahi Tec's shares up 21 percent. Asahi Tec said its board would decide on the acquisition later in the day. The source said Asahi Tec would also take on the Plymouth, Michigan-based company's debt, boosting the total cost of the acquisition to ...

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