(Corrects to remove bullet point stating that the transaction includes the Carter Carburetor brand, which is part of the Walbro business but will be excluded from the sale)
By Dietrich Knauth
NEW YORK, March 10 (Reuters) – Bankrupt U.S. auto parts maker First Brands said Tuesday that it had agreed to sell its Walbro business line to Canada-headquartered Active Dynamics Group for $50 million. The company is selling business units to fund its bankruptcy restructuring and address fraud claims.
(Reporting by Dietrich Knauth; Editing by Andrei Khalip)
