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ArvinMeritor unloads light-vehicle business (from Corporate Dealmaker)

ArvinMeritor Inc. (NYSE:ARM) has sold auto parts supplier Gabriel North America to private equity firm OpenGate Capital for an undisclosed amount. Gabriel makes shock absorbers and strut assemblies for the after-market and original equipment manufacturer segments. The deal is part of ArvinMeritor's strategy to exit the light vehicle market and...

Posted on June 29, 2009 3:25 PM

'Tis the season for divestitures (from Corporate Dealmaker)

Economic slowdowns usually give rise to corporate sell-offs. But doesn't it seem that there are an unusual number of high-profile divestitures in the news right now? Consider:Dr Pepper Snapple Group Inc. is now officially independent from Cadbury plc, having begun trading Wednesday on the NYSE.  Auto parts maker ArvinMeritor Inc. said Tuesday...

Posted on May 7, 2008 1:55 PM