Heroux-Devtek (TSE:HRX) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Héroux-Devtek, an international aerospace products manufacturer and third-largest landing gear producer, has announced its acquisition by Platinum Equity for $32.50 per share, a premium to its current trading price. The deal, valued at approximately $1.35 billion, is backed by the company’s Board and senior management, some of whom will reinvest in the acquiring entity. This strategic move is aimed to bolster Héroux-Devtek’s global market presence and growth.
For further insights into TSE:HRX stock, check out TipRanks’ Stock Analysis page.
