TRANSDIGM TO ACQUIRE ESTERLINE TECHNOLOGIES IN $4 BILLION ALL CASH TRANSACTION
TransDigm Group Incorporated and Esterline Technologies Corporation announced today that they have entered into a definitive agreement under which TransDigm will purchase all of the outstanding shares of common stock of Esterline for $122.50 per share in cash, which represents a premium of 38% to Esterline's closing price on October 9, 2018, or a total transaction value of approximately $4.0 billion including the assumption of debt.
ESTERLINE REPORTS FISCAL 2018 THIRD QUARTER FINANCIAL RESULTS
Esterline Corporation, a leading specialty manufacturer serving global aerospace and defense markets, today reported results for the fiscal 2018 third quarter ended June 29, 2018.
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Esterline is a specialized manufacturing company principally serving aerospace and defense markets. Headquartered in Bellevue, WA and listed on the New York Stock Exchange, Esterline trades under the symbol ESL.