TriMas completes sale of TriMas Aerospace to PennAero for USD 1.45 billion

Reuters

Mar 19

TriMas completes sale of TriMas Aerospace to PennAero for USD 1.45 billion

TriMas completed the divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum and funds managed by Blackstone. The deal closed for about USD 1.45 billion in cash, subject to post-closing adjustments. Net after-tax proceeds are estimated at about USD 1.2 billion. TriMas will provide reimbursed transitional services to the buyer under a transition services agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TriMas Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000842633-26-000020), on March 18, 2026, and is solely responsible for the information contained therein.

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ID: 0000842633-26-000020), on March 18, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BBT3K403.USD","symbol_name":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260318:nNDLyBkc9:1","article_id":"2620608302","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620608302","pubTimestamp":1773867599,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"TriMas completed the divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum and funds managed by Blackstone. 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The deal closed for about USD 1.45 billion in cash, subject to post-closing adjustments. Net after-tax proceeds are estimated at about USD 1.2 billion. TriMas will provide reimbursed transitional services to the buyer under a transition services agreement.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TriMas Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000842633-26-000020), on March 18, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}