Dana to sell its engine hard parts unit to Germany’s Mahle for $157M
Dec 04, 2006 | 09:50 AM
| Philip Burgert
Automotive parts supplier Dana Corp., which is operating under Chapter 11 protection from creditors, has agreed to sell its non-core engine hard parts business to Mahle GmbH, Stuttgart, Germany, for an aggregate price of $157 million.
The purchase price includes about $98 million in cash and Mahle's assumption of some liabilities related to the business. The sale is subject to bankruptcy court approval and court procedures that will open it to competing bids, Dana executives said, but the sale is....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.