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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.
News For TDG From The Last 14 Days
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March 23, 2015
08:13 EDTTDGBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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March 20, 2015
07:11 EDTTDGTransDigm price target raised to $225 from $194 at UBS
UBS raised its price target on TransDigm to $225 from $194 following its acquisition of Telair and a more positive view of the company's aftermarket growth due to lower fuel prices. UBS reiterated its Buy rating and lowered its estimated dividend return to $20 from $25 on TransDigm shares.

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