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BRIEFLY

Fruehauf accepted a sweetened takeover offer.

August 25, 1986

Under the agreement, a group led by Merrill Lynch & Co. and certain Fruehauf executives would buy 2.13 million shares of the Detroit-based maker of truck trailers and auto parts--currently owned by an Asher B. Edelman-led investor group--for $49 a share, or $104.4 million. The Merrill Lynch group would then offer to buy Fruehauf's remaining stock for $49.50 a share in cash and securities. Merrill Lynch's revised bid was $1 a share higher than its previous offer. The total value of the offer is about $1.12 billion.

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