Tecumseh Products Company Explores Strategic Alternatives
ANN ARBOR, Mich., Jan. 23, 2013
ANN ARBOR, Mich., Jan. 23, 2013 /PRNewswire/ --Tecumseh Products Company
(Nasdaq: TECUA, TECUB)announced today that over the past several months it
has been working with Sagent Advisors, LLC, which the Company engaged to
explore various strategic alternatives, including the possible sale of the
Company. Contrary to rumors, the Company has not received an offer at an $8
per share purchase price.
While the Company currently intends to continue to explore alternatives to
enhance shareholder value, there can be no assurance that a transaction will
be completed. The Company does not intend to provide updates with respect to
Tecumseh Products Company is a global manufacturer of hermetically sealed
compressors for residential and specialty air conditioning, household
refrigerators and freezers, and commercial refrigeration applications,
including air conditioning and refrigeration compressors, as well as
condensing units, heat pumps and complete refrigeration systems. Press
releases and other investor information can be accessed via the Investor
Relations section of Tecumseh Products Company's Website at www.tecumseh.com.
Contact: Janice Stipp
SOURCE Tecumseh Products Company
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