TransDigm Group Surges to 302nd in Trading Volume with $550 Million Day

Generado por agente de IAAinvest Volume Radar
viernes, 30 de mayo de 2025, 8:06 pm ET1 min de lectura
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On May 30, 2025, TransDigm GroupTDG-- (TDG) saw a significant increase in trading volume, reaching $550 million, marking a 51.86% rise from the previous day. This surge placed TDGTDG-- at the 302nd position in terms of trading volume for the day. Additionally, TDG's stock price rose by 0.53%, marking the fifth consecutive day of gains, with a total increase of 4.50% over the past five days.

Servotronics, Inc. (SVT) announced an amendment to its merger agreement with TransDigm Group Inc.TDG-- (TDG). Under the revised terms, a subsidiary of TransDigm will acquire ServotronicsSVT-- for $47.00 per share in cash, an increase from the previous offer of $38.50 per share. This amendment came after Servotronics received an unsolicited third-party acquisition proposal. Following an evaluation, Servotronics' Board determined that the new offer did not constitute a superior proposal and decided to proceed with TransDigm under the revised terms. The merger will be executed through a tender offer by a TransDigm subsidiary to acquire all issued and outstanding Servotronics shares. Additional details will be provided in a Form 8-K filing with the SEC. Servotronics will continue to manufacture servo-control components and other aerospace technologies for both commercial and defense markets from its facilities in Elma and Franklinville, New York.

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