Edelbrock board OKs chairman's purchase of company

Newswire

NEW YORK, June 25 (Reuters) - The board of Edelbrock Corp. , an automotive parts maker, approved a deal in which the company's chairman, O. Victor Edelbrock, will buy all of its outstanding shares and take the company private. A company controlled by Victor Edelbrock, who is also the company's president and chief executive officer, will buy all outstanding shares not already owned by him and his affiliates for $16.75 per share in cash. The price represents a 13.1 percent premium to ...

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