Can ArvinMeritor: Come Up with Cash?
- Dana Resists. // Ward's Auto World;Aug2003, Vol. 39 Issue 8, p13
Reports on a bid by ArvinMeritor Inc. to acquire Dana Corp. in 2003. Value of the proposed acquisition; Factor which prompted the hostile bid; Benefit from the proposed merger.
- Dana Corp spurns ArvinMeritor's final bid. // Trailer / Body Builders;Dec2003, Vol. 45 Issue 2, p8
Reports on the decision of vehicle parts supplier ArvinMeritor Inc. to withdraw its takeover bid for Dana Corp. as of December 2003. Reasons for the decision of ArvinMeritor Inc.; Statement from Larry Yost, chairman and chief executive of ArvinMeritor, on the move of the board of Dana to reject...
- Dana fights off unwelcome takeover bid. // Automotive Engineer;Sep2003, Vol. 28 Issue 8, p12
Reports on the rejection of Dana Corp. of ArvinMeritor Inc.'s takeover bid. Reason behind Dana's rejection of the takeover bid; Details of the operations of the company.
- ArvinMeritor may raise bid. // Crain's Detroit Business;7/21/2003, Vol. 19 Issue 29, p2
ArvinMeritor Inc. is prepared to boost the price of its hostile bid for Dana Corp. Dana has until Wednesday to respond to ArvinMeritor's $15-a-share tender offer for the Toledo, Ohio-based drivetrain manufacturer. Wall Street analysts say a Dana buyout would make sense to ArvinMeritor even if...
- ArvinMeritor's Yost has no plans to retire. Sherefkin, Robert // Automotive News;12/29/2003, Vol. 78 Issue 6073, p24
The 65-year-old CEO of Troy, Michigan-based ArvinMeritor Inc., Larry Yost has no plans to retire, in order to launch the Dana Corp. takeover bid in July 2004. Yost dismissed any suggestion of strategic stumbles during his five-month battle to acquire Dana for $2.7 billion. Dana shareholders were...
- Hostile parts. // International Construction;Jul2003, Vol. 42 Issue 6, p12
Arvin Meritor, a manufacturer of parts and components for the U.S. automotive industry has made a $2.2 billion hostile takeover bid for Dana Corp., one of the construction equipment industry's largest components manufacturer, as of July 1, 2003. The move follows Dana's refusal to consider a...
- ArvinMeritor ends Dana bid. // Automotive News Europe;12/1/2003, Vol. 8 Issue 23, p22
Reports on the decision of ArvinMeritor Inc. to withdraw its bid to buy Dana Corp. Amount of the bid; Stock performance of Dana Corp. as of November 28, 2003.
- Suitor extends Dana offer -- at same price. Sherefkin, Robert // Automotive News;9/1/2003, Vol. 78 Issue 6055, p36
Any plans for a quick buyout of Dana Corp. ended late last week when potential acquirer ArvinMeritor Inc. extended the deadline of its tender bid but declined to raise its offer of $15 per share. ArvinMeritor said 2.5 million shares, or 1.7 percent of Dana's total shares, have been tendered....
- ArvinMeritor ups takeover ante, but Dana is mute. Sherefkin, Robert // Automotive News;11/24/2003, Vol. 78 Issue 6068, p57
The defense strategy that Dana Corp. has used to prevent the takeover by ArvinMeritor Inc. appears to be working. ArvinMeritor tried again on November 17, to get Dana to the bargaining table by making a cash offer of 2.7 billion. The offer sent Dana's share prices from $16.77 at the opening on...