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Stock Market & Financial Investment News

News Breaks
July 3, 2013
14:01 EDTTDGTransDigm board authorizes special dividend of $22 per share
TransDigm Group announced that its wholly-owned subsidiary, TransDigm, received the funding of an additional incremental term loan of $900M at a current interest rate of approximately 3.8% and that it has successfully completed its previously announced offering of $500M aggregate principal amount of 7.5% senior subordinated notes due 2021. These transactions yield an approximate weighted average current interest rate of 5% on the new debt, modestly lower than our existing debt...TransDigm Group also announced that its board of directors has authorized and declared a special cash dividend of $22 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is July 15 , and the payment date for the dividend is July 25.
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October 13, 2014
08:46 EDTTDGTransDigm announces retirement of President and COO Raymond Laubenthal
TransDigm announced the retirement of President and COO Raymond Laubenthal. Laubenthal will stay on with TransDigm for a transition period expected to be through December 31, 2014. The board intends to appoint Laubenthal as an additional member of the Board of Directors of the Company following his retirement. The operational responsibilities for TransDigm's business groups previously held by Laubenthal will be divided between two executives. Robert Henderson will be the Chief Operating Officer Airframe Group and Kevin Stein will be the Chief Operating Officer Power Group.

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