Tecumseh Products Says Exploring Strategic Alternatives, Didn't Receive Offer at $8/Share

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Tecumseh Products Company(Nasdaq: TECUA) (NASDAQ: TECUB) announced today that over the past several months ithas been working with Sagent Advisors, LLC, which the Company engaged toexplore various strategic alternatives, including the possible sale of theCompany. Contrary to rumors, the Company has not received an offer at an $8per share purchase price.While the Company currently intends to continue to explore alternatives toenhance shareholder value, there can be no assurance that a transaction willbe completed. The Company does not intend to provide updates with respect tothis process.

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