TransDigm Group has reached a definitive merger agreement with Breeze-Eastern for the New Jersey-based aircraft parts manufacturer to become an indirect wholly-owned subsidiary of TransDigm.
The acquisition agreement is valued at $206m (£137m), and under the terms of the agreement a subsidiary of TransDigm will commence a tender offer to acquire all of the outstanding shares of Breeze-Eastern common stock for $19.61 per share in cash. Following the purchase of Breeze-Eastern shares through the tender offer, TransDigm will complete the…
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