TopNews

Management Buys Transportation Technologies

January 31, 2000

SHARING TOOLS        | Print Subscribe
Transportation Technologies Industries has agreed to a management buyout led by chairman/CEO Thomas Begel and president/COO Andrew Weller.

Purchase price is $21.50 per share of common stock, approximately 39% over the closing market price of Transportation Technologies' common stock in December when it announced that it had received a proposal. The original offer was for $20 a share.
Transportation Technologies, based in Chicago, is a manufacturer of components for heavy duty and medium duty trucks and buses in the truck parts aftermarket. Product lines include Gunite wheel-end components, Brillion custom iron castings, Imperial body and chassis components, Bostrom truck and bus seating systems, and Fabco steerable drive axles and gearboxes.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?
sponsored by
sponsor logo

ELDs and Telematics

Scott Sutarik from Geotab will answer your questions and challenges

View All
GotQuestions?

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All