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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Tecumseh Products Company (NASDAQ: TECU)acted responsibly on behalf of investors’ profitability in the planned $123 million sale to Mueller Industries Inc (NYSE: MLI).
On August 5, 2015, Tecumseh Products Company (NASDAQ: TECU)and Mueller Industries Inc (NYSE: MLI) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Mueller will offer Tecumseh shareholders $5.00 per share in cash for all outstanding shares.
Based in Ann Arbor, MI, and founded in 1930 Tecumseh Products Company is a manufacturer of hermetically sealed compressors, air conditioning and refrigeration compressors, condensing units, heat pumps, and refrigeration systems. The company markets products internationally under the Tecumseh, Masterflux, Silensys, Celseon, Vector, and Wintsys brands.
The investigation focuses on whether NASDAQ: TECU investors received the highest price and whether the directors of Tecumseh Products Company acted in the best interest of Tecumseh Products Company and its shareholders.
If you purchased Tecumseh Products Company (NASDAQ: TECU) prior to August 5, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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