USA: Now Dana sues ArvinMeritor financial adviser - report
Automotive parts maker Dana Corporation on Monday escalated its fight against rival ArvinMeritor Inc.'s $US2.2 billion hostile takeover bid, suing its rival's financial adviser UBS AG for misappropriating confidential information, Reuters reported. The suit against the Swiss bank, which had once advised Dana, was the latest shot by the company that rejected ArvinMeritor's July 8 offer as too low, the report noted.
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