Key Insights Using the 2 Stage Free Cash Flow to Equity, Héroux-Devtek fair value estimate is CA$55.41 Héroux-Devtek is...
(Bloomberg) -- Platinum Equity Advisors LLC struck a deal to buy Canadian aerospace manufacturer Héroux-Devtek Inc. for about $1 billion, including debt, with the support of Quebec’s largest pension fund.Most Read from BloombergBiden’s Putin-Zelenskiy Gaffe Deals Fresh Blow to CampaignTesla Delays Robotaxi Event in Blow to Musk’s Autonomy DriveSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatStock Rotation Hits Megacaps on Bets Fed Will Cut: Markets WrapSaudi Prince’s Trillion-Dollar
Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the world's third-largest landing gear manufacturer, today announced that it has entered into an arrangement agreement with an affiliate (the "Purchaser") of Platinum Equity Advisors, LLC ("Platinum Equity"), a U.S. based private equity firm, pursuant to which the Purchaser will acquire all the issued and outstanding common shares of the Corporation, other than the