Loar Announces Put Agreement to Acquire LMB Fans & Motors and Record Preliminary Fourth Quarter and Full Year 2024 Results
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Loar Holdings Inc. (NYSE:LOAR) has announced a put option agreement to acquire LMB Fans & Motors for €365 million plus net debt. The acquisition will be paid in cash at closing. Additionally, Loar released preliminary Q4 and full year 2024 financial results, with a detailed earnings release and call scheduled for March 31, 2025.
February 20, 2025 | 9:45 pm
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Loar Holdings Inc. has entered into a put option to acquire LMB Fans & Motors for €365 million plus net debt, payable in cash. The company also released preliminary Q4 and full year 2024 results, with an earnings call on March 31, 2025.
The acquisition of LMB Fans & Motors is a significant strategic move for Loar Holdings, likely to impact its financials positively. The announcement of preliminary financial results also provides insight into the company's performance, which could influence investor sentiment positively. The upcoming earnings call may provide further details, potentially affecting short-term stock price.
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