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Tecumseh Products Company
TECUATECUB 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
this process.
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