Sept 21 (Reuters) - ArvinMeritor Inc:
* Completes sale of wheels business to Iochpe-Maxion S.A.
* Says expects to remain in compliance with its financial covenant in the
fourth quarter
* Sees to use net proceeds of $169 million to reduce outstanding balances on
its revolving credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Completes sale of wheels business to Iochpe-Maxion S.A.
* Says expects to remain in compliance with its financial covenant in the
fourth quarter
* Sees to use net proceeds of $169 million to reduce outstanding balances on
its revolving credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.