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Stock Market & Financial Investment News

News Breaks
December 28, 2012
08:06 EDTWWD, GEWoodward to acquire TRAS business from General Electric for $200M cash
Woodward announced that on December 27, it signed a purchase agreement with GE Aviation Systems (GE) to acquire the assets of its hydraulic thrust reverser actuation systems business located in Duarte, California for $200M in cash, and the parties have entered into a preferred supplier agreement for thrust reverser actuation systems. The transaction is expected to close later today.
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