Investing
Aerospace supplier HEICO to buy Wencor in deal valued at $2.05 billion
© Reuters.
(Reuters) – Aerospace supplier HEICO (NYSE:) Corp said on Monday it would buy Wencor Group in a deal valued at $2.05 billion, to boost its portfolio of generic parts.
HEICO will purchase Wencor from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A common stock, the company said.
The deal will be HEICO’s largest ever and comes at a time when airlines are increasingly using generic parts to tide over shortages of brand-name parts from companies like General Electric (NYSE:) Co .
Read the full article here
Trump’s transportation head nominee to continue Tesla probe By Investing.com
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
How Meta Generated $32 Billion in Ad Revenue Last Quarter
Meta Is Laying Off 5% of Its Workforce: Read the Memo
Think Copying Big Brands Will Bring You Success? Think Again
Microsoft Is About to Begin Job Cuts. Here’s Why.
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
What CMOs Need to Know About AI Adoption in Marketing Teams
If you are 60 years old, new 401(k) rules could save you money
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoMicrosoft Is About to Begin Job Cuts. Here’s Why.
-
Make Money6 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money5 days ago10 Ways to Make Money As a Graphic Designer
-
Investing7 days agoWhat CMOs Need to Know About AI Adoption in Marketing Teams
-
Personal Finance4 days agoIf you are 60 years old, new 401(k) rules could save you money
-
Investing5 days agoCould Easier Cancellations Build Customer Loyalty?
-
Investing6 days agoAirbus keeps top spot with 766 jet deliveries in 2024 By Reuters
-
Side Hustles7 days agoJPMorgan to Implement a Five-Day Return-to-Office Mandate