BERU Withdraws Offer For IMPCO.CERRITOS, Calif.--(BUSINESS WIRE)--Sept. 22, 1999-- IMPCO Technologies Inc. (Nasdaq:IMCO In my considered opinion." See digispeak. ) today announced that BERU Aktiengesellschaft has withdrawn its offer made on Sept. 7, 1999, to purchase IMPCO in a transaction in which the stockholders would receive $14 per share in cash. Robert M. Stemmler, IMPCO's chairman, president and chief executive officer, noted that IMPCO's board of directors had previously unanimously determined that the offer was inadequate. IMPCO Technologies sells alternative fuel products and services worldwide. With headquarters in Cerritos, the company has additional facilities in Irvine, Calif.; Detroit, Seattle, Australia, Japan, and Mexico. It operates in the Netherlands, France, Germany and the United Kingdom as IMPCO-BERU Technologies B.V. IMPCO is a market leader in the Original Equipment Manufacturer marketplace and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. for gaseous gas·e·ous adj. 1. Of, relating to, or existing as a gas. 2. Full of or containing gas; gassy. fuel management systems and components that allow internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. to operate on clean gaseous fuels such as propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. and natural gas. IMPCO provides conversion systems for motor vehicles, forklifts, other material handling equipment, and small portable to large stationary engines. |
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