Autocam Announces End to Talks
12 October 1999
Autocam Announces End to TalksKENTWOOD, Mich., Oct. 12 -- Kentwood, Michigan-based Autocam Corporation announced today that the previously disclosed talks with a single party with regard to a business combination involving the Company at $21 per share have been terminated. "We remain confident about the Company's internal growth plan and are comfortable with our ability to meet those plans without any change in capital structure," Autocam President John C. Kennedy said. "The Company will continue to investigate all financing and other strategic alternatives as they become available in an effort to further enhance shareholder value." Autocam manufactures precision-machined parts used in automotive fuel systems, anti-lock braking systems, automotive electric motor assemblies, medical devices, and computer electronics. Autocam's common stock trades on the Nasdaq National Market under the symbol "ACAM". For more information on the Company, visit our Internet website at http://www.autocam.com