Martinrea to pay $275M for TK Budd auto unit
Oct 16, 2006 | 10:32 AM
| Philip Burgert
Automotive parts supplier Martinrea International Inc., Vaughan, Ontario, said it has agreed to purchase the North American automotive body and chassis operations of ThyssenKrupp Budd Co., Troy, Mich., for about $275 million.
The price includes $95 million in cash, with the remainder involving assumption of liabilities, executives of both companies said, adding that the transaction is expected to be completed by the end of the year.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here