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Tecumseh Products Company (TECU)

  • Jan. 23, 2013, 1:40 PM
    Tecumseh Products (TECUA +8.5%) pops after saying that over the past several months it's been working with Sagent Advisors to explore various strategic alternatives, including the possible sale of the Company.  Contrary to rumors, however the company it hasn't received an offer at an $8 per share purchase price.
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Company Description
Tecumseh Products Co is a manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers and commercial refrigeration applications.