Hayes Lemmerz Special Committee Appoints Advisors
16 February 2000
Hayes Lemmerz Special Committee Appoints AdvisorsNORTHVILLE, Mich., Feb. 16 -- Hayes Lemmerz International, Inc. , one of the world's leading suppliers of wheels, brakes, powertrain, suspension, structural and other lightweight components to the automotive and commercial highway markets, announced today that the Special Committee of the Board of Directors, formed in response to the $21 per share merger proposal made in January 2000 by a group led by Joseph Littlejohn & Levy, has appointed Wasserstein Perella & Co. as its financial advisor and Wachtell, Lipton, Rosen & Katz as its counsel. Hayes Lemmerz International, Inc. is one of the world's leading global suppliers of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has annual sales of close to $2.3 billion with 43 plants, 8 joint venture facilities and over 15,000 employees worldwide. More information about Hayes Lemmerz International, Inc. is available at http://www.hayes-lemmerz.com , and a complete list of current and archived press releases is available at http://hayes-lemmerz.com/press_kit .