February 27, 2018 / 12:07 PM / 7 months ago

BRIEF-Heroux-Devtek To Acquire Beaver Aerospace And Defense U.S. Manufacturer Of Ball Screws And Actuation Systems

Feb 27 (Reuters) - Heroux Devtek Inc:

* HEROUX-DEVTEK ANNOUNCES AGREEMENT TO ACQUIRE BEAVER AEROSPACE AND DEFENSE U.S. MANUFACTURER OF BALL SCREWS AND ACTUATION SYSTEMS

* HEROUX DEVTEK INC - DEAL FOR ‍PURCHASE PRICE OF APPROXIMATELY US$23.5 MILLION​

* HEROUX DEVTEK - DEAL TO BUY SHARES OF BEAVER AEROSPACE & DEFENSE INC AND ITS WHOLLY-OWNED SUBSIDIARY POWERTHRU INC FROM PHILLIPS SERVICE INDUSTRIES

* HEROUX DEVTEK INC - ‍TRANSACTION WILL BE FINANCED THROUGH CORPORATION'S EXISTING REVOLVING CREDIT FACILITY​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below