January 26, 2010 / 5:57 PM / 9 years ago

Dutch sportscar maker Spyker agrees to buy Saab-source

NEW YORK, Jan 26 (Reuters) - Dutch sportscar maker Spyker SPYKR.AS has agreed to buy Saab from General Motors Co [GM.UL] for $74 million in cash and $326 million in preferred shares in the new company that would emerge after the deal, a source familiar with the matter said on Tuesday.

The agreement, which would save the 72-year-old Swedish brand from being wound down, is subject to a 400 million-euro guarantee from Sweden, the source said. The person spoke on condition of anonymity because details of the sale were not public yet. (Reporting by Jui Chakravorty, editing by Maureen Bavdek)

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