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TI Group Reaffirms $20 Per Share Offer for Walbro

14 May 1999

TI Group Reaffirms $20 Per Share Offer for Walbro

    LONDON--May 14, 1999--TI Group PLC noted today's announcement by Walbro Corporation which revised its first quarter earnings. TI Group's offer for Walbro Corporation was based on the overall benefits this acquisition brings to TI Group's existing automotive business. Therefore, TI Group Reaffirms its $20 per share all cash offer for Walbro Corporation.