TransDigm Group (TDG) Declares $32.50 Special Dividend; 5.7% Yield
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TransDigm Group Completes Divestiture of Souriau-Sunbank Connection Technologies and Declares a Special Cash Dividend of $32.50 Per Share
December 20, 2019 8:13 AM ESTCLEVELAND, Dec. 20, 2019 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today that it has completed the divestiture of Souriau-Sunbank Connection Technologies (Souriau-Sunbank) to Eaton Corporation plc (NYSE: ETN) in a transaction valued at approximately $920 million.
Souriau-Sunbank was acquired by TransDigm in March 2019 as part of the Esterline Technologies acquisition and is a leading global supplier of highly-engineered interconnect solutions for harsh environments serving customers primarily in aerospace, defense and space end markets. The... More
