TransDigm Group Agrees To Acquire Prince & Izant For ~$1.066B In Cash, Including Certain Tax Benefits
TransDigm Group Incorporated (NYSE:TDG) today announced it has entered into a definitive agreement to acquire Prince & Izant ("P&I" or "the Company"), a portfolio company of Industrial Growth
TransDigm is buying another company called Prince & Izant for about $1 billion, which means TransDigm is spending money to grow bigger and own more businesses. When big companies buy other companies, watch to see if it helps them make more money or if it costs too much.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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