Brief: Heroux-Devtek To Acquire Beaver Aerospace And Defense U.S. Manufacturer Of Ball Screws And Actuation Systems
27/02/2018 12:00
Feb 27 (Reuters) - Heroux Devtek Inc HRX.TO :
* 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: ID:nGNX9S2rlf
Further company coverage: HRX.TO
((Reuters.Briefs@thomsonreuters.com;))
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