(Updates throughout with announcement) By Chang-Ran Kim and Alison Tudor TOKYO, Sept 1 (Reuters) - Japanese auto parts maker Asahi Tec Corp. said on Friday it would buy unlisted U.S. rival Metaldyne Corp. in a deal worth $1.2 billion including its debt as it aims to expand overseas alongside Japanese car makers. Shares in Asahi Tec, a producer of malleable iron casting products, shot up 22 percent to end at 313 yen, adding 3.38 billion yen ($28.85 million) to its market capitalisation. ...
Premium Content (PAID Subscription Required)
"UPDATE 4-Japan's Asahi Tec to buy Metaldyne in $1.2 bln deal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this content. Premium paid subscribers also gain access to:
All of WardsAuto's global industry reporting and analysis
WardsAuto Community functions
Hundreds of downloadable data tables including:
• Monthly sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Vehicle specifications
• Historical data and much more! (P)
For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
Current subscribers, please login or CLICK for support information.
