Aerospace & Defense M&A » By The Online Investor Staff, updated Fri., Apr. 19, 1:50 AM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
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Slide #37. Astronics Corporation — PECO Inc.
Acquirer:
Astronics Corporation (NASDAQ:ATRO)
Acquiree:
PECO Inc.
Details:
Astronics Corporation (Nasdaq:ATRO) ("Astronics"), a leading provider of advanced technologies for the global aerospace and defense industries, announced today that it has completed the acquisition of the outstanding shares of PECO Inc. (PECO). The purchase price of approximately $136 million in cash was financed by an amendment to Astronics' senior credit facilities, replacing the Company's previously existing revolving credit line and senior term note.
Astronics is a provider of technologies to the global aerospace, defense and other mission-critical industries. Co.'s products and services include electrical power generation, distribution and seat motion systems, lighting and safety systems, avionics products, systems and certification, aircraft structures and automated test systems. Co.'s segments: aerospace, which designs and manufactures products for the global aerospace and defense industry; and test systems, which designs, develops, manufactures and maintains automated test systems that support the aerospace and defense, communications and mass transit industries.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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