Aerospace Company TransDigm Declares Special Cash Dividend; Buys CPI's Electron Device Business For $1.385B Cash
Portfolio Pulse from Shivani Kumaresan
TransDigm Group Incorporated (NYSE:TDG) has announced the acquisition of the Electron Device Business of Communications & Power Industries for $1.385 billion in cash. The acquisition is expected to close by the end of TransDigm's third fiscal quarter of 2024. TransDigm also declared a special cash dividend of $35.00 on each outstanding share of common stock. The company expects fiscal 2024 net sales of $7.48 billion-$7.68 billion and Adjusted EPS of $31.00-$32.94.
November 09, 2023 | 2:09 pm
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POSITIVE IMPACT
TransDigm's acquisition of CPI's Electron Device Business and declaration of a special cash dividend could potentially boost its stock in the short term.
The acquisition of CPI's Electron Device Business could potentially increase TransDigm's revenues and profitability, which could positively impact its stock price. Additionally, the declaration of a special cash dividend could make the stock more attractive to investors, potentially leading to increased demand and a higher stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100