Detroit Diesel Corporation Tender Offer Extended
11 August 1997
Detroit Diesel Corporation Tender Offer ExtendedDETROIT, Aug. 11 -- Detroit Diesel Corporation reported today that its previously announced tender offer to acquire 13,842,619 shares of common stock of Outboard Marine Corporation was extended at the request of Outboard Marine until 12 midnight, August 25, 1997, as required under the terms of the merger agreement between DDC and OMC. The tender offer was originally scheduled to expire on August 11, 1997. Detroit Diesel Corporation said that approximately 1,926,774 shares of OMC common stock had been validly tendered and not withdrawn as of the close of business on August 8, 1997. Except for the extension of the scheduled expiration date of the tender offer, all terms and conditions of the transaction remain the same. Further details are available in the tender offer documents on file with the Securities and Exchange Commission. SOURCE Detroit Diesel Corporation