Superior Stock Price Dips After Merger Talks End

The price of Superior Industries International’s stock skidded 17% after the company said it ended talks about a possible merger with a company it did not identify.

Superior, a Van Nuys-based producer of wheels and other accessories for the major U.S. auto makers, had disclosed the talks in an April 25 announcement. The negotiations, which Superior termed exploratory, had sent the company’s stock up sharply.

But after reporting last week that the negotiations were dropped, Superior’s stock tumbled $3.25 a share, to $15.50, on the American Stock Exchange. The stock closed Monday at $15. Superior did not say why the talks proved fruitless.