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Dutch parent Spyker and would-be white knight Hawtai have terminated a week-old deal under which the small Chinese automaker would have acquired a 30-percent stake in Saab for about $220 million in equity and debt financing.
Beijing-based Hawtai said the agreement fell through because of "commercial and economic realities." Spyker said it was forced to terminate the deal when "it became clear that Hawtai was not able to obtain all the necessary consents."
Source: Insideline.