MUELLER INDUSTRIES INC acquired Tecumseh Products Company for $5.00 per share cash tender offer (acquired through a 50/50 joint venture, MA Industrial JV LLC, with affiliates of Atlas Holdings), a transaction completed in November 2015, structured as all cash. The deal was a Merger (joint-venture tender offer).
Tecumseh Products Company operates in Joint venture (Atlas Holdings), is based in Michigan, United States. MA Industrial JV LLC, in which Mueller's subsidiary DENO Investment Co. II owns a 50% interest (with the remaining 50% owned by affiliates of Atlas Holdings), agreed to acquire Tecumseh Products Company, a Michigan corporation, through a cash tender offer at $5.00 per share followed by a merger.
Take-private of a global compressor manufacturer via a 50/50 partnership with Atlas Holdings. Held through MA Industrial JV LLC (50% Mueller / 50% Atlas Holdings) as an unconsolidated affiliate (Tecumseh Products Holdings LLC)
On August 5, 2015, MA Industrial JV LLC (the Parent), a Delaware limited liability company in which DENO Investment Co. II (DENO), a wholly-owned subsidiary of Mueller Industries, Inc., owns a 50% interest (with the remaining 50% owned by affiliates of Atlas Holdings)... entered into an Agreement and Plan of Merger... Sub will... commence a cash tender offer to purchase all of the outstanding shares... of Tecumseh at a purchase price of $5.00 for each Share.Mueller Industries Form 8-K, August 7, 2015
Advisory firms were not disclosed for this transaction.