Marelli Gets Takeover Proposal From Motherson, Nikkei Says (1)

Struggling Japanese auto parts maker Marelli Holdings received a takeover offer from India’s Motherson Group, Nikkei reported without saying where it obtained the information.

• KKR-backed Marelli is in favor of the deal and will discuss Motherson-led turnaround plans in a meeting with creditors to be held as soon as Monday
• Marelli doesn’t comment on “rumors or speculation,” is in “active discussions” with lenders to secure funding to “address a temporary working capital gap,” company spokesperson says in response to Bloomberg inquiry
• Related Story: Marelli Lenders Are Said to Seek 80% Debt Write-off

(Updates with comment from Marelli)

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