ArvinMeritor Expects Loss From Emissions Unit Sale
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ArvinMeritor Inc. said it would take a loss on the pending $310 million sale of its emissions technology business to a private equity firm, Bloomberg reported.
The amount of the loss has not been determined, the company said in a regulatory filing, Bloomberg reported.The component maker said Friday it was selling the emissions unit to New York-based One Equity Partners. (Click here for previous coverage.)ArvinMeritor’s stock hit a 52-week high of $20.21 per share on Monday before falling back to $20.09, up 86 cents or 4.5%, in afternoon trading at more than twice the average daily volume on the New York Stock Exchange, the Associated Press reported.
ArvinMeritor Inc. said it would take a loss on the pending $310 million sale of its emissions technology business to a private equity firm, Bloomberg reported.
The amount of the loss has not been determined, the company said in a regulatory filing, Bloomberg reported.The component maker said Friday it was selling the emissions unit to New York-based One Equity Partners. (Click here for previous coverage.)ArvinMeritor’s stock hit a 52-week high of $20.21 per share on Monday before falling back to $20.09, up 86 cents or 4.5%, in afternoon trading at more than twice the average daily volume on the New York Stock Exchange, the Associated Press reported.
