Autocam Announces Closing of Merger With Titan Acquisition Corporation
7 February 2000
Autocam Announces Closing of Merger With Titan Acquisition CorporationKENTWOOD, Mich., Feb. 7 -- Kentwood, Michigan-based Autocam Corporation announced today that it has completed the previously announced merger between Titan Acquisition Corporation, a corporation formed by Aurora Capital Group, and the Company. As previously disclosed, the public shareholders of the Company will receive $18.75 in cash for each share of the Company's common stock. As a result, the Company's common stock, which currently trades on the Nasdaq National Market under the symbol "ACAM," will be delisted and it is expected that the stock will cease active trading on the Nasdaq National Market at the close of trading today. 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