Servotronics shareholder TransDigm withdrawing proxy campaign

Servotronics’ (SVT) largest shareholder Beaver Hollow Wellness, or BHW, will conclude its proxy solicitation campaign following the proposed acquisition of Servotronics by TransDigm (TDG). BHW believes that its campaign already resulted in a 250+% share price premium compared to the stock’s level when BHW nominated its board slate in January and that the premium is a direct outcome of the pressure applied by BHW’s S.A.V.E. Servotronics Plan, which aimed to catalyze overdue strategic action by the incumbent board. BHW believes that this transaction not only delivers an exceptional return to shareholders, but also reflects a significant step forward in preserving Western New York’s aerospace manufacturing base. Although BHW is concluding its campaign, it will continue to advocate for transparency and accountability in how the acquisition is implemented. The firm is encouraging TransDigm to issue a formal public commitment to maintain and grow Servotronics’ operations in Elma and Franklinville, N.Y.