Edelbrock Going Private
December 28, 2004
Filed under Features
Edelbrock Corporation stockholders last week approved the proposed merger of the company with a subsidiary of a corporation controlled by O. Victor Edelbrock Jr. and his affiliates. O. Victor Edelbrock Jr. is Edelbrock's Chairman, President and Chief Executive Officer.
As a result of the merger, Edelbrock Corporation will become a privately-held company and stockholders, other than those that perfect appraisal rights, will receive $16.75 in cash for each share of common stock they own. Edelbrock's transfer agent will act as paying agent for the merger consideration to Edelbrock's stockholders.
Founded in 1938 and based in Torrance, Calif., Edelbrock Corporation designs, manufactures and distributes performance replacement parts for the automotive and motorcycle aftermarkets. In addition to three production facilities and an automated distribution center in Torrance, Edelbrock owns and operates an aluminum foundry and a motorcycle carburetor division in San Jacinto, Calif.