August 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Tecumseh Products Company (NASDAQ:TECU), was launched concerning whether the takeover of Tecumseh Products Company by Mueller Industries, Inc for $5.00 per share is unfair to NASDAQ:TECU stockholders.

The investigation by a law firm concerns whether certain officers and directors of Tecumseh Products Company breached their fiduciary duties owed to NASDAQ:TECU investors in connection with the proposed acquisition.

On August 5, 2015, Tecumseh Products Company (NASDAQ:TECU) in conjunction with Mueller Industries, Inc. (NYSE: MLI) and Atlas Holdings LLC announced that they have entered into a merger agreement under which an affiliate of Mueller Industries and Atlas Holdings will acquire Tecumseh Products Company for $5.00 per share in cash in a transaction valued at approximately $123 million, including the assumption of net debt.

However, given that NASDAQ:TECU shares trade ion 2014 as high as $9.04 per share, the investigation concerns whether the offer is unfair to NASDAQ:TECU stockholders. More specifically, the investigation concerns whether the Tecumseh Products Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.