Advertisement

Superior Industries International’s stock rose sharply after...

Share

Superior Industries International’s stock rose sharply after Vista Group Ltd. said it would press ahead with efforts to buy the Van Nuys-based maker of wheel rims and other auto accessories. Superior’s common stock closed at $13.625, up $2.125 from Monday in American Stock Exchange composite trading. The shares did not trade Tuesday amid confusion triggered when Vista, a Los Angeles investment firm, announced that it was making a joint bid with Prudential-Bache Securities to buy Superior for $16 a share, or $93 million. Prudential-Bache then denied being involved in the offer. Superior said it was not interested in being acquired in any case.

Advertisement