October 27, 2017 / 10:40 AM / 24 days ago

BRIEF-Astronics acquires Telefonix

Oct 27 (Reuters) - Astronics Corp

* Astronics Corporation announces acquisition of Telefonix Inc

* Astronics Corp - Deal for ‍approximately $104 million in cash​

* Astronics Corp - Deal for ‍$104 million in cash​

* Astronics Corp - ‍Acquisition is expected to be accretive to earnings in 2018​

* Astronics - ‍Impact of deal on 2017 earnings will depend on closing date and one-time deal related charges, but is expected to be nominal​

* Astronics Corp - ‍ Purchase price of deal funded with Astronics’ senior revolving credit facility​

* Astronics - ‍ Entered into definitive agreement to acquire substantially all of assets of Telefonix and related co, product development technologies​ Source text for Eikon: Further company coverage:

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