Thursday, 05 July 2007

UPDATE 1-Dura Automotive to sell Atwood unit for $160 mln

(Reuters) - The deal, which needs U.S. Bankruptcy Court approval and is
subject to auction should competing bids emerge, would be a key
step in Dura's restructuring, the company said in a statement.
Dura hopes to exit bankruptcy in the fourth quarter.




Dura said Atwood Acquisition LLC, an affiliate of private
equity firm Insight Equity, expects to complete the deal by the
end of August.


Read more at Reuters.com Mergers News

No comments: