TransDigm And Aerosonic Acquisition Agreement

TransDigm has completed a merger agreement for its acquisition of Aerosonic.

Both companies design, manufacture and supply highly engineered aircraft components. In a transaction valued at approximately $39m, TransDigm will buy all of Aerosonic’s remaining shares in cash for $7.75 per share, an estimated premium of 60 per cent to Aerosonic's closing share price on April 19.

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