1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156 
Arvin Mentor eyes rival Dana
Page 14
If you've noticed an error in this article please click here to report it so we can fix it.
• Arvin Mentor, the US-based commercial vehicle parts supplier, has launched a bid to acquire industry rival Dana Corporation.
The deal is valued at $4.4bn (21.9bn) and is currently being considered by Dana. The company is expected to respond next week.
Dana shares jumped $17 after the announcement, surpassing Arvin Mentor's offer of $15a share.
If successful, the takeover would combine ArvinMerltor's exhaust, suspension and drivetrain products with Dana's chassis, frame, and drivetrain products.
It would see the merged company become one of the largest automotive parts suppliers in the world.
One other hurdle that ArvinMeritor may have to overcome is a potential anti-trust issue that may arise out of the companies' shared interests in the heavy truck axle market.
The automotive parts industry has shrunk rapidly in recent years as smaller suppliers, crippled by debt and reduced profit margins, have been forced out of business.