Triumph Group To Be Acquired By Warburg Pincus, Berkshire Partners For Approx. $3 Bln In Cash
(RTTNews) - Triumph Group, Inc. (TGI), Monday announced that the company will be acquired by affiliates of Warburg Pincus and Berkshire Partners in an all-cash transaction, valuing the company at $26 per cash or around $3 billion.
Warburg Pincus and Berkshire Partners to take manufacturer Triumph private for $3bn
Warburg Pincus and Berkshire Partners have agreed to acquire Triumph Group, a Radnor, Pennsylvania-based manufacturer of spare parts for aerospace and defense systems, in a $3 billion take-private deal. According to terms of the agreement, Triumph shareholders will receive $26 per share in cash.
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Private equity companies to acquire Triumph for $3bnThe deal will result in Triumph becoming a privately held entity, with joint control by the acquiring companies.
Baird analyst Peter Arment downgraded Triumph Group from Outperform to Neutral and raised the price target from $20 to $26.
Pennsylvania-based Triumph designs, manufactures, repairs and supplies spare parts for a wide range of products.
Warburg Pincus and Berkshire Partners are in advanced talks to acquire aircraft parts and services supplier Triumph Group Inc. for about $3 billion, including debt, according to people familiar with ...
Aerospace supplier Triumph Group, has entered a $3 billion acquisition agreement with Warburg Pincus and Berkshire Partners.
US aerospace supplier Triumph Group has agreed to be purchased by two private equity firms for about $2 billion, a deal that ...
Truist raised the firm’s price target on Triumph Group (TGI) to $26 from $19 and keeps a Hold rating on the shares following the announcement ...
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