Dana to divest replacement parts division

Dec 15, 2003

Dana said Dec. 3 it will divest its replacement parts business – Automotive Aftermarket Group – in order to focus on making new products for vehicles. The company has hired Credit Suisse First Boston and Goldman, Sachs & Co. to assist in the transaction, which it hopes to complete in 2004. ArvinMeritor dropped a hostile takeover offer for Dana in November.

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