|
|
Article: Esterline to Acquire Canada-Based CMC Electronics, a Leading International Aerospace/Defense Avionics Company.
- Article from:
- Business Wire
- Article date:
- February 1, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Company to Host Conference Call Today at 1:30 p.m. Eastern Time
BELLEVUE, Wash. -- Esterline Corporation (NYSE:ESL) (www.esterline.com) today announced an agreement to acquire CMC Electronics Inc., a leading aerospace/defense avionics company, for approximately $335 million in cash. For the 12 months ended September 30, 2006, CMC recorded revenues of C$205 million. Completion of the transaction is expected in 30 to 45 days, contingent upon Hart-Scott-Rodino and other governmental approvals. A conference call to discuss the transaction is scheduled for later today at 1:30 p.m. Eastern Time (10:30 a.m. Pacific Time). Listeners may access the conference call live ...