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ArvinMeritor Makes Hostile Bid for Dana Corp.

ArvinMeritor Makes Hostile Bid for Dana Corp.

Wednesday, July 9, 2003
 
The automotive supply chain could be in for a major shakeup if the hostile takeover bid of Dana by ArvinMeritor, announced yesterday, July 8, comes to fruition. According to Crainsdetroit.com, the proposed transaction has a total value of $2.2 billion, calculated using the Dana stock price as of June 3, when ArvinMeritor submitted its first written proposal to Dana.

 

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