ArvinMeritor (ARM) Agrees to Divest Another Light Vehicle Systems Chassis Business
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ArvinMeritor, Inc. (NYSE: ARM) today announced that it has reached agreement to divest another one of its light vehicle Chassis businesses, bringing the total number of units divested this year to three. The company reached a definitive agreement to sell its Gabriel Ride Control Products North America business to OpenGate Capital, a private equity firm.
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