Thursday, July 5, 2007

Dura Automotive to sell Atwood unit for $160 mln

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




A minimum rival bid would have to exceed $166.5 million, according to court papers. The deal includes a breakup fee of 2 percent of the purchase price and expense reimbursements of up to 1 percent of the purchase price.


Read more at Reuters.com Business News

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