Oct 10, 2018
TransDigm inks a $4-bln deal to acquire Esterline Technologies
TransDigm inks a $4-bln deal to acquire Esterline Technologies
Aerospace component supplier TransDigm Group (TDG) to acquire its rival Esterline Technologies (ESL) in a deal worth $4 billion, including the debt. As per the deal, TransDigm will buy all of the outstanding shares of Esterline’s common stock for $122.50 per share in an all-cash transaction. This represents a premium of 38% to Esterline’s Tuesday closing price.
Shares of the acquirer lost 2%,…
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