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The latest update is out from Loar Holdings Inc. (LOAR).
Loar Group is set to acquire all outstanding equity interests of Applied Avionics, Inc. (AAI) for approximately $385 million, subject to customary adjustments. The transaction, which involves a purchase agreement with a planned conversion of AAI into a Delaware limited liability company, has several customary conditions to be met, including antitrust approvals under the HSR Act. The deal, anticipated to close by the end of 2024, includes a $2 million escrow deposit and termination fee provisions. The press release from Loar Group emphasizes the forward-looking nature of the statements regarding the acquisition’s expected benefits and financial performance, despite potential risks outlined in recent SEC filings.
For a thorough assessment of LOAR stock, go to TipRanks’ Stock Analysis page.
