RHJ International will present General Motors with an improved offer for a controlling stake of Opel on Monday or Tuesday, the FT said, citing two people familiar with the plans. In May, GM signed a memorandum of understanding on the stake with Magna International, but RHJ now thinks it has improved chances of winning the deal as negotiations between the US carmaker and Canadian supplier, which is bidding with Russia’s Sberbank, have hit snags over intellectual property and other issues.

This entry was posted by Stacy-Marie Ishmael on Monday, July 13th, 2009 at 4:41 and is filed under Capital markets, M&A. Tagged with gm, Magna International, RHJ International, sberbank. Edit this entry.