Autocam Announces Vote Results and Status of Merger With Titan Acquisition
7 February 2000
Autocam Announces Vote Results and Status of Merger With Titan Acquisition CorporationKENTWOOD, Mich., Feb. 7 -- Kentwood, Michigan-based Autocam Corporation announced today that at a special meeting held on Friday, February 4, its shareholders approved the previously announced merger between Titan Acquisition Corporation, a corporation formed by Aurora Capital Group, and the Company with a 92.5% affirmative vote. As previously disclosed, the public shareholders of the Company will receive $18.75 in cash for each share of the Company's common stock. The closing of the transaction is in progress and is expected to be completed within a few days. Autocam manufactures precision-machined parts primarily used in fuel, power steering and braking systems for the transportation industry and ophthalmic and cardiovascular medical devices. For more information on the Company, visit our Internet website at http://www.autocam.com