Magna offers revised bid for GM’s Opel

Article reports that Magna International stepped up its efforts to buy General Motors’ Opel subsidiary by offering GM a revised draft agreement over the terms of a deal on the 13 August 2009.

The Canadian car parts supplier, which wants to buy Opel with Russia’s Sberbank, is hoping to overcome GM’s concerns over use of its intellectual property and trump a rival bid from RHJ International, the Brussels-based industrial group.

Deutsche Welle, 13.8.09: US car giant reaches agreement with Magna to buy Opel http://www.dw-world.de/dw/article/0,,4562841,00.html

ESO: Background information: GM resists pressure for hasty Magna deal http://www.europeansources.info/record/gm-resists-pressure-for-hasty-magna-deal/

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