Brief: AAR Announces Agreement To Acquire Triumph Group's Product Support Business

Triumph

21/12/2023 14:06

Dec 21 (Reuters) - AAR Corp  AIR.N :
    * AAR ANNOUNCES AGREEMENT TO ACQUIRE TRIUMPH GROUP'S PRODUCT
SUPPORT BUSINESS, A LEADING PROVIDER OF MRO SERVICES TO THE
GLOBAL AVIATION AFTERMARKET
    * AAR CORP SAYS DEAL FOR $725 MILLION IN CASH
    * AAR CORP SAYS AS PART OF THE TRANSACTION, CO EXPECTS TO
RECEIVE
ESTIMATED TAX BENEFITS WITH A PRESENT VALUE OF ABOUT $80 MILLION
    * AAR CORP SAYS TRANSACTION EXPECTED TO BE ACCRETIVE TO
REVENUE
GROWTH AND ADJUSTED EPS IN FIRST FULL FISCAL YEAR

Source text for Eikon:  ID:nPnBLMrCa 
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