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.
Dana to divest replacement parts division
Dec 15, 2003