	jp industries jpi confirms proposal jp industries inc confirmed the announcement by clevite industries inc clev that jp industries has submitted a proposal to clevite for the uisition of the company at dlrs per share in cash john psarouthakis chairman and president of jp industries said that the company hopes to promptly negotiate an agreement with the special committee of clevite s board in february jp industries said it purchased clevite s engine parts division jp industries said it is not aware of any other reason for activity in its stock reuter 
