COMMENT: ArvinMeritor/Dana: bidding over
US automotive parts firm Dana has rejected a final $US2.7 billion bid from rival ArvinMeritor, citing fundamental antitrust barriers and substantial financial risks. Shortly after, ArvinMeritor put an end to one of the year's most bitter hostile takeover battles. Despite its commitment to the takeover, ArvinMeritor will now have to look for other ways to grow in the static automotive market.
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