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Tecumseh To Consider Possible Sale

Compressor maker said Friday it will consider recent requests by a shareholder, the Detroit-based Herrick Foundation, including the company's potential sale.

TECUMSEH, Mich. (AP) -- Compressor maker Tecumseh Products Co. said Friday it will consider recent requests by a shareholder, the Detroit-based Herrick Foundation, including the company's potential sale.
 
Tecumseh said Herrick sent a letter last week requesting that the company form a committee to explore a possible sale and change certain aspects of its corporate structure.
 
Tecumseh shares closed Thursday at $28.83.
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