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arvinmeritor _Transcript_20080506
The document summarizes ArvinMeritor's announcement of plans to spin off its Light Vehicle Systems business into a new publicly traded company called Arvin Innovation. Some key points: 1) The spinoff will provide each business with greater strategic focus and ability to thrive in their respective markets. 2) Arvin Innovation will be a $2.2 billion global tier one automotive supplier with a strong management team and market positions. 3) The spinoff is expected to be completed within 12 months, subject to approvals, and will unlock shareholder value for both companies.
