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TransDigm Group To Acquire Raptor Labs Holdco In About $655 Mln All-cash Deal
(RTTNews) - TransDigm Group Inc. (TDG) announced Tuesday it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC, a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits.
Raptor is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets
The acquisition is subject to regulatory approvals in the United States and customary closing conditions. The acquisition is expected to be financed through existing cash on hand.
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German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.
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