Market Overview

Woodward to Buy Hydraulic Thrust Actuation Systems Unit from GE

Share:
Related WWD
Earnings Scheduled For January 23, 2017
Benzinga's Top Initiations
Related GE
Jim Cramer Weighs In On General Electric And Take Two Interactive Software
Benzinga's Top Upgrades, Downgrades For April 25, 2017
Weekly Top Insider Buys Highlight for the Week of April —8 (GuruFocus)

Woodward, Inc. (NASDAQ: WWD) today announced that on December 27, 2012, it signed a purchase agreement with GE Aviation Systems to acquire the assets of its hydraulic thrust reverser actuation systems business located in Duarte, California (the "Duarte Business") for $200 million in cash, and the parties have entered into a preferred supplier agreement for thrust reverser actuation systems. The transaction is expected to close later today.

Posted-In: News M&A

 

Related Articles (GE + WWD)

View Comments and Join the Discussion!