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TransDigm Group completed its acquisition of Esterline Technologies, a supplier to the aerospace and defense industry, for approximately $4.0 billion in total consideration, including the assumption of debt. Esterline shareholders received $122.50 per share in cash.
TransDigm Group Incorporated agreed to purchase all outstanding shares of Esterline Technologies Corporation for $122.50 per share in cash, totaling approximately $4.0 billion including debt assumption. The transaction was announced on October 10, 2018.
TransDigm Group completed the acquisition of the Kirkhill elastomers business from Esterline Technologies for $50 million in cash. Kirkhill is a supplier of aerospace elastomers headquartered in Brea, California.