Mueller Industries to Acquire Tecumseh

Mueller Industries and Tecumseh Products Co. have entered into a definitive merger agreement under which an affiliate of Mueller Industries and Atlas Holdings will acquire Tecumseh in a transaction valued at approximately $123 million, including the assumption of net debt. The offer price of $5.00 per share in cash reflects a 155% premium based on Tecumseh's closing price of $1.96 per share on August 4, 2015.