USA: Debt counts against ArvinMeritor-Dana merger - reports
Without firm financing for his proposed $US4.4 billion hostile acquisition of Dana Corporation, ArvinMeritor chief executive Larry Yost is fighting a battle against time and, the longer it takes him to line up banks willing to finance the merger, the harder it will be for Yost to win over investors, sceptical bond analysts and motor industry opinion leaders have told the US automotive industry newspaper Automotive News.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable