EX-99.A.5.N 3 y8997514exv99waw5wn.txt OCTOBER 2, 2003 PRESS RELEASE [ArvinMeritor Logo] CONTACTS: Media Inquiries Lin Cummins (248) 435-7112 linda.cummins@arvinmeritor.com Investor Inquiries Alice McGuire (248) 655-2159 alice.mcguire@arvinmeritor.com Alternate Contacts: Dan Katcher/Ellen Barry Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 FOR IMMEDIATE RELEASE ARVINMERITOR EXTENDS TENDER OFFER FOR DANA UNTIL OCT. 30, 2003 TROY, Mich., (Oct 2, 2003) - ArvinMeritor, Inc. (NYSE: ARM) today announced that it has extended its $15.00 net per share offer for all of the outstanding common shares of Dana Corporation's (NYSE: DCN) common stock until 5:00 p.m. Eastern Standard Time (EST), on Oct. 30, 2003, unless further extended. The offer was previously scheduled to expire at 5:00 p.m. EDT, on Oct. 2, 2003. At that time, Dana shareowners had tendered and not withdrawn approximately 2,339,993 shares pursuant to ArvinMeritor's tender offer. ArvinMeritor's offer represents a premium of 56 percent over Dana's closing stock price on June 3, 2003, the last trading day before ArvinMeritor submitted its first proposal to Dana in writing, a premium of 39 percent over Dana's average closing stock price for the 30 trading days before ArvinMeritor publicly announced its intention to commence a tender offer, and a premium of 25 percent over Dana's closing stock price on July 7, 2003, the last trading day before ArvinMeritor publicly announced its intention to commence a tender offer. ArvinMeritor, Inc. is a premier $7-billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. In addition, ArvinMeritor is a leader in coil coating applications. The company is headquartered in Troy, MI, and employs 32,000 people at more than 150 manufacturing facilities in 27 countries. ArvinMeritor's common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.ArvinMeritor.com. -------------------- The solicitation and offer to purchase is made only pursuant to the Offer to Purchase and related materials that ArvinMeritor and Delta Acquisition Corp. filed with the Securities and Exchange Commission on July 9, 2003. Investors and security holders are advised to read such documents because they include important information. Investors and security holders may obtain a free copy of such documents at the SEC's website at www.sec.gov, from ArvinMeritor at 2135 W. Maple Road, Troy, MI 48084, Attn: Investor Relations, or by contacting Mackenzie Partners, Inc. at (212) 929-5500 collect or at (800) 322-2885 toll-free or by email at proxy@mackenziepartners.com. --------------------------- # # #