Private equity firm to buy Héroux-Devtek in deal valued at $1.35 billion

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Private equity firm to buy Héroux-Devtek in deal valued at $1.35 billion
Héroux-Devtek Inc.Héroux-DevtekPrivate Equity Firm
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LONGUEUIL, Que. — Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity...

LONGUEUIL, Que. — Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion.Héroux-Devtek shares closed at $25.32 on the Toronto Stock Exchange on Wednesday.As part of the deal , Platinum Equity says Héroux-Devtek will keep and invest in its headquarters and other operations in Quebec, including its manufacturing operations .

MTY Food Group Inc. , one of the largest franchisors and operators of multiple restaurant concepts worldwide, reported today financial results for the second quarter of fiscal 2024 ended May 31, 2024 and declared a quarterly dividend of 28.0¢ per share, payable on August 15, 2024 to shareholders registered in the Company's records at the end of the business day on August 2, 2024.

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Héroux-Devtek Inc. Héroux-Devtek Private Equity Firm Toronto Stock Exchange Manufacturing Operations The Canadian Press Part Of The Deal

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