New User:

Forgot your password?

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.
News For TDG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
07:12 EDTTDGUBS to hold a conference
Aerospace & Defense, Airlines & Lessors 1:1 Conference is being held in Boston on February 26.
February 24, 2015
08:50 EDTTDGTransDigm price target raised to $244 from $189 at CRT Capital
Subscribe for More Information
February 23, 2015
08:49 EDTTDGAAR Corp. to hold a conference call
Subscribe for More Information
08:11 EDTTDGAAR Corp. expects to report pre-tax gain of $200M from TransDigm transaction
AAR (AIR) announced it has agreed to sell its Telair Cargo Group to TransDigm (TDG) for a purchase price of $725M in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015 and the sale is expected to close in the fourth quarter ending May 31, 2015, subject to regulatory approval. When the sale closes, AAR expects to report a pre-tax gain of approximately $200 million after expenses and fees. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately $40 million in the third quarter of FY 2015. The company also announced today that its third-quarter results will be less than expected due to fewer flying positions in its Airlift operation, costs associated with this transaction, and bid costs for large government contracts.
08:06 EDTTDGTransDigm to acquire Telair Cargo Group from AAR Corp. for $725M
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use