TransDigm Group和Servotronics宣布收购协议

2025-05-19 20:46

TransDigm Group (NYSE:TDG) and Servotronics (NYSE:SVT) oday announced on Monday a definitive merger agreement providing for Servotronics to become an indirect wholly owned subsidiary of TransDigm.
Under the terms of the agreement, a subsidiary of TransDigm will commence a tender offer to acquire all the outstanding shares of Servotronics for $38.50 per share in cash, in a transaction valued at approximately $110 million, including certain tax benefits.
The company said the cash consideration represents a premium of approximately 274% to Servotronics' closing share price on May 16, 2025.
Following the purchase of shares through the tender offer, TransDigm will complete the acquisition of Servotronics by acquiring all remaining shares not acquired in the offer through a merger at the same price as the tender offer.
The acquisition will be funded with TransDigm's cash on hand and is not subject to any financing conditions.
Servotronics, which designs, produces and supplies engineered servo valves, generated approximately $45 million in revenue for its fiscal year ended December 31, 2024, said the company.
Under the terms of the merger agreement, the parties anticipate that TransDigm will commence a cash tender offer for all the outstanding shares of Servotronics on or before June 9, 2025.
Source: Press Release

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