PENDLETON, Ind. -- Remy International is suspending its previously announced exchange offer and consent solicitation relating to shares of its Series A Preferred Stock and Series B Preferred Stock and is terminating its ongoing common stock shareholder consent relating to approval of the exchange offer and proposed amendments to its certificate of incorporation.  

According to Remy President and CEO John Weber, the company has suspended the exchange offer, consent solicitation and the common stock shareholder solicitation in order to pursue other strategic opportunities.
 
As a result, the company says it will not accept any shares of its preferred stock for exchange or consents to amend the related preferred stock designations and will not accept any shareholder consents to approve the exchange offer or the proposed amendments to its certificate of incorporation.

"As always, the board is committed to maximizing shareholder value and believes this is the best course of action," Weber said.

To learn more, visit the Remy brand website.