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.
Oct. 1, 2012, 2:47 PM
Oct. 25, 2011, 2:50 PM
Shares of copper tube and fittings manufacturer Mueller Industries (MLI -17%) get hammered after its Q3 missed estimates. Net income tumbled to $10.5M from $18.9M the prior year as the company's bottom line was hit by volatile copper prices.| Oct. 25, 2011, 2:50 PM
Jul. 26, 2011, 4:26 PM
Mueller Industries (MLI), a maker of copper and aluminum products for the construction market, fell 10% today after reporting Q2 EPS of $0.59, below the $0.74. Revenue came in at $652.9M (+20.8% Y/Y), above the $614.2M consensus. Like many other companies, Mueller appears to have been hit hard by rising commodity costs.| Jul. 26, 2011, 4:26 PM | 1 Comment