TransDigm Group (TDG) said Tuesday it has completed its acquisition of Servotronics (SVT) after a successful tender offer at $47 per share in cash.
As part of the deal, about 2.23 million shares, or 87.1% of Servotronics outstanding stock, were validly tendered and accepted for payment, the company said.
Servotronics shares will be delisted from the NYSE American, the company added.
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