October 10, 2018 / 12:50 PM / a month ago

Aero parts maker TransDigm to buy Esterline in $4 bln deal

Oct 10 (Reuters) - Aircraft component supplier TransDigm Group Inc said on Wednesday that it agreed to buy smaller rival Esterline Technologies Corp in a $4 billion deal, including debt.

The $122.50-per-share cash offer represents a 62.4 percent premium to Esterline’s close on July 19, when reports of Esterline exploring a potential sale emerged. (Reporting by Arunima Banerjee in Bengaluru; Editing by Shailesh Kuber)

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