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@ Yahoo! Finance - by layer3.news
2025-05-21 09:43:02
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✍️ TransDigm Group Incorporated acquires Servotronics, Inc. for $110 million, with a premium of 274% over Servotronics' closing share price.
👉 TransDigm Group Incorporated acquires Servotronics, Inc. for $110 million
👉 Deal includes certain tax benefits
👉 Acquisition will be financed using TransDigm's existing cash reserves
👉 Servotronics' Board of Directors has unanimously approved the deal
👉 TransDigm's strategy is to acquire proprietary aerospace businesses with strong aftermarket potential
#Cleveland #business
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