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100-PERCENT SHARE DIVIDEND AND REGULAR CASH DIVIDEND DECLARED ON TECUMSEH PRODUCTS COMPANY COMMON STOCK

 TECUMSEH, Mich., May 26 /PRNewswire/ -- Tecumseh Products Company (NASDAQ: TECUA, TECUB) announced today that it has declared a dividend of one share of its Class A Common Stock on each outstanding share of Class A Stock and each outstanding share of Class B Common Stock. The share dividend will be payable on June 30, 1993, to shareholders of record at the close of business on June 8, 1993, and has the effect of a stock split. In connection with the share dividend, the Board of Directors adopted amendments to both of the Company's Rights Agreements so as to maintain substantially the same rights and benefits for the holders of such Rights following the share dividend.
 Tecumseh also announced today the declaration of a regular quarterly dividend of $0.40 per share payable June 18, 1993, to holders of record of its Class A and Class B Common Stock at the close of business on June 8, 1993. This dividend will not be paid on shares issued in the share dividend and accordingly has not been adjusted to reflect the share dividend.
 Tecumseh Products Company is a global manufacturer of air conditioning and refrigeration compressors and gasoline engines for lawn and garden applications. 1992 sales were approximately $1.26 billion.
 -0- 5/26/93
 /CONTACT: John H. Foss of Tecumseh Products Company, 517-423-8417/
 (TECU)


CO: Tecumseh Products Company ST: Michigan IN: SU: DIV

JG -- DE016 -- 2461 05/26/93 12:29 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:241
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