Aerospace & Defense M&A » By The Online Investor Staff, updated Thu., Mar. 28, 9:40 AM Recent mergers and acquisitions in the Aerospace & Defense M&A category.
This Slide: #44 of 69 |
Slide #44. Astronics Corporation — PECO Inc.
Acquirer:
Astronics Corporation (NASDAQ:ATRO)
Acquiree:
PECO Inc.
Details:
Astronics Corporation (Nasdaq:ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, today announced that it has entered into a definitive agreement to acquire the outstanding shares of PECO Inc. (PECO) for approximately $136 million in cash. The agreement is expected to close in late June 2013, and is subject to certain conditions, including a review under the Hart-Scott-Rodino Antitrust Improvements Act and the successful arrangement of debt financing by Astronics.
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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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ATRO Stock Forecast Based on Zacks ABR data; powered by Xignite |