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Majority stake · Closed Sep 1999

Fedders completes tender-offer acquisition of IAQ maker Trion

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Relationship map for Fedders completes tender-offer acquisition of IAQ maker Trionparent ofFedders Corp.: PlatformFCFedders Corp.TI Acquisition Corp.: Operating CompanyTATI Acquisition Corp.
Operating CompanyPlatform

Parties

Acquirer
Fedders Corp.
Platform
Target
TI Acquisition Corp.
Operating Company

Summary

Fedders Corp. completed its acquisition of Trion Inc., a maker of indoor air quality products, via a $5.50/share cash tender offer through subsidiary TI Acquisition Corp.; Fedders ended up owning about 89% of Trion's shares, with Trion becoming a wholly owned subsidiary following the merger.

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