UPDATE 3-Asahi Tec to buy Metaldyne for $854 mln-source

Newswire

(Recasts, adds background) TOKYO, Sept 1 (Reuters) - Japanese auto parts maker Asahi Tec Corp. will buy privately held U.S. rival Metaldyne Corp. for about 100 billion yen ($853.5 million), a source close to the deal said on Friday, sending Asahi Tec's shares up 21 percent. Asahi Tec will also take on the debt of the U.S. firm, based in Plymouth, Michigan, boosting the total cost of the acquisition to about 150 billion yen ($1.28 billion), the source said. Asahi Tec, owned 63 percent ...

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