ArvinMeritor Inc. (DE:ARM) said
Posted 11-05-2012 at 08:00 AM by marcitize12
ArvinMeritor Inc. (DE:ARM) said Tuesday that it plans to spin off its automotive parts unit into a separate stand-alone entity, a move that will allow the company to focus on the commercial truck market while severing the very merger that created it almost eight years ago. The new company, to be named Arvin Innovation Inc., would be implemented through a pro rata tax-free dividend to ArvinMeritor shareholders, said..
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