Aerospace Group:

TransDigm Group To Acquire Aircraft Lift Device Manufacturer Breeze-Eastern

Tuesday, November 24th, 2015

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TransDigm Group [TDG] on Nov. 19 said has agreed to acquire aircraft lift device manufacturer Breeze-Eastern Corp. for $206 million, giving it proprietary products with aftermarket content.TransDigm expect to begin a cash tender offer for Breeze-Eastern’s shares by Dec. 3, although Breeze-Eastern and its financial advisers will continue to solicit superior proposals from third parties during the next 40 days. The tender offer won’t be closed until Breeze-Eastern’s “go-shop” period is completed.New Jersey-based Breeze-Eastern designs and manufactures lifting and pulling…

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