GM gets new feelers for Adam Opel (Dealscape

General Motors Corp. confirmed Wednesday it had received competing bids for its Adam Opel GmbH European unit, but said it was focused on completing a deal with a group led by Magna International Inc.

GM said in a statement it "has received, and is discussing" proposals from both private equity firm RHJ International SA and Chinese automaker Beijing Automotive Industry Holding Corp. The automaker signed a nonexclusive memorandum of understanding with Magna in June, but talks toward a definitive agreement have dragged.

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139 in-depth reports of Auctions in the Automotive sector
106 articles related to Magna International Inc.
82 in-depth transaction records for General Motors
82 articles related to Adam Opel GmbH
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NOT A SUBSCRIBER? GM gets new feelers for Adam Opel Posted on July 8, 2009 12:33 PM General Motors Corp. confirmed Wednesday it had received competing bids for its Adam Opel GmbH European unit, but said it was focused on completing a deal with a group led by Magna International Inc. GM said in a statement it "has received, and is discussing" proposals from both private equity firm RHJ International SA and Chinese automaker Beijing Automotive Industry Holding Corp. The automaker signed a nonexclusive memorandum of understanding with Magna in June, but talks toward a definitive agreement have dragged. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 139 in-depth reports of Auctions in the Automotive sector 106 articles related to Magna International Inc. 82 in-depth transaction records for General Motors 82 articles related to Adam Opel GmbH 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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