MascoTech, Inc. Completes Acquisition of TriMas Corporation
22 January 1998
MascoTech, Inc. Completes Acquisition of TriMas CorporationTAYLOR, Mich., Jan. 22 -- MascoTech, Inc. today announced that the merger of its wholly-owned subsidiary, MascoTech Acquisition, Inc., with TriMas Corporation became effective today, completing MascoTech's acquisition of TriMas. Under the terms of the merger, all remaining TriMas stockholders will receive $34.50 in cash upon surrender of the certificates for their shares to The Bank of New York, as Depositary Agent appointed for that purpose. A Notice of Merger and Letter of Transmittal for surrendering shares will be mailed to all remaining holders of record of TriMas common stock promptly. MascoTech's transportation-related businesses include metal-worked components primarily for vehicle engine and drivetrain applications and automotive aftermarket products. TriMas is a diversified proprietary products company with leadership product positions in commercial, industrial and consumer niche markets. Visit MascoTech's website at http://www.mascotech.com. MascoTech's press releases are also available through Company News On-Call by fax, 800-758-5804, extension 535375, or http://www.prnewswire.com. SOURCE MascoTech, Inc.