Astronics Extends Agreement to Acquire PECO

Astronics Corporation

today announced that it has mutually agreed with PECO Inc. (PECO) to extend the closing date of the acquisition to August 9, 2013, pending completion of customary closing items. Astronics previously announced on May 28 that it had entered into a definitive agreement to acquire the outstanding shares of PECO for approximately $136 million in cash.