Sierracin Bid Amount Considered: A group led...

Sierracin Bid Amount Considered: A group led by Sierracin Corp.’s management, which has said it might try to buy the 50% of the Sylmar aerospace parts concern it does not already own, said it is considering a bid of $15 a share, or $25.5 million. No formal offer has been launched, however. The group suggested that the price after Sierracin’s stock soared 70% following the group’s first announcement March 31. The stock closed at $14 a share, up $1.75, on the American Stock Exchange.