Fedders completes tender-offer acquisition of IAQ maker Trion

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.

“On July 15, TI Acquisition Corp., a wholly owned subsidiary of Fedders, commenced a tender offer to purchase all of Trion's outstanding stock for $5.50 per share in cash. The offer expired Aug. 11; Fedders owns about 89% of Trion's outstanding shares.”

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