MBJ: Memphis-based public company buying Michigan manufacturer

MBJ: Memphis-based public company buying Michigan manufacturer

“Memphis-based Mueller Industries Inc. has completed its tender offer for Tecumseh Products Co. (NASDAQ: TECU).

Mueller (NYSE: MLI) announced last month that it was partnering with Connecticut-based Atlas Holdings LLC to acquire Michigan-based Tecumseh for $123 million, or $5 per share.

Tecumseh, a global manufacturer of compressors and related products, would continue to operate as a standalone business but would be owned by a partnership of Mueller and Atlas Holdings.”

MBJ: Memphis-based public company buying Michigan manufacturer

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