Aug. 5, 2015, 10:07 AM
- Tecumseh Products (TECU +152.5%) agrees to be acquired by an affiliate of Mueller Industries (MLI +1.3%) and Atlas Holdings in a transaction valued at ~$123M, including the assumption of debt.
- The $5/share cash offer price represents a 155% premium over yesterday's TECU closing price.
- TECU says the proposed deal would bring together its global footprint and market-leading positions with new owners who will contribute market expertise and capital.
Mueller Industries, Inc. is a manufacturer of copper, brass, plastic, and aluminum products. The company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers. The Plumbing & Refrigeration segment is composed of the Standard Products Division, European... More
Sector: Industrial Goods
Industry: Metal Fabrication
Country: United States
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