Deals
AVIC Said to Pursue Acquisition of U.S. Car-Parts Maker Henniges
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Aviation Industry Corp. of China, the nation’s biggest aerospace company, is among bidders pursuing an acquisition of U.S. car-parts maker Henniges Automotive Holdings Inc., people with knowledge of the matter said.
State-owned AVIC, based in Beijing, could pay about $1 billion for Henniges, said two of the people, who asked not to be identified discussing private information. Other Asian companies have also looked at a purchase of Henniges, the people said, without naming them.