Ameron Inc. ended a takeover threat from...

Ameron Inc. ended a takeover threat from a Hong Kong investment firm by agreeing to pay Industrial Equity (Pacific) $32.8 million for its 18.6% stake in the Monterey Park producer of construction pipe and pipe products. The $36-a-share price was $2.25 more than the last trading day’s close on the New York Stock Exchange, and Industrial Equity agreed not to acquire Ameron shares or solicit proxies opposed to Ameron’s board for 10 years. Ameron, whose shareholders last year approved several anti-takeover moves, will also repurchase 250,000 of its shares on the open market, said President Lawrence R. Tollenaere.