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T&N has received a £300m bid from management for its engine bearings division, and additional bids are thought to be imminent from Dana of the US and Mahle of Germany. 02-Jul-1998 Federal-Mogul of the US has been told by US regulators that it must dispose of T&N's bearings business if it wants to go ahead with the £1.5bn acquisition of T&N, the UK car parts company. 07-Mar-1998 Federal Mogul of the US is said to be struggling to win regulatory approval for its £1.5bn acquisition of T&N, the UK car parts company, and may not get clearance before the Takeover Panel's deadline of March 6. 19-Feb-1998 Federal-Mogul of the US has agreed terms for the £1.5bn acquisition of T&N, the UK engineering company, which will give it 90% of the US engine bearings market. 17-Oct-1997 T&N, the car parts company, is facing a £1.3bn hostile bid approach from Federal-Mogul of the US, prompting speculation that T&N may seek friendly counter-bids. 27-Sep-1997 T&N is to propose the merger of its pistons business with that of Pierburg Kolbenschmidt, a company being created from the merger of the automotive interests of Rheinmetall and Kolbenschmidt of Germany. 29-Aug-1997 T&N is preparing to open negotiations with Rheinmetall of Germany in order to create a joint venture that would be the world's largest automotive pistons company. 15-May-1997 T&N has sold Ferodo Caernarfon, the clutch facing and industrial friction products business, to US investors for £5m. 07-May-1997 T&N is acquiring Metal Leve's US auto parts business for £31m, which will make it one the world's largest piston manufacturers. 21-Mar-1997 T&N is considering an alliance with Rheinmetall, the German owner of a 25% stake in Kolbenschmidt, in order to create the largest automotive pistons manufacturer in the world. 06-Mar-1997 T&N's attempt to acquire a strategic stake in Kolbenschmidt, the German pistons company, is facing resistance from a number of German competitors who are warning the supreme court that a full takeover could follow. 24-Feb-1997 T&N is setting up a joint venture with Daido Metal of Japan to make bearings in Ohio to supply to Japanese car makers in the US. 02-Oct-1996 T&N is to consider consolidating with another motor components company, either in an international alliance or in a merger, as it aims to become one of the world's leading suppliers. 30-Aug-1996 T&N has sold AE Turbine Components, the aerospace business, to Precision Castings of Oregon for £41m. 23-Jul-1996 T&N is acquiring the US piston rings business of Cummins for undisclosed terms. 16-Jul-1996 T&N is forming joint ventures in China, including a deal with Teikoku of Japan and Anqing Piston Ring Company of China, to build a £20m plant to make piston rings. 11-Apr-1996 T&N and Sumitomo Electric are forming a US joint venture to make disc brake pads in La Grange, Georgia. 03-Nov-1995 T&N has sold its Hydra-Tight bolting business to a new company made up of management and 3i, for £12m. 24-Oct-1995 T&N may launch its own German operation now it seems unlikely to succeed in its attempt to take over Kolbenschmidt, the auto components maker. 09-Oct-1995 Advent International has acquired BIP Plastics from T&N for £52m. 26-Sep-1995
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