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

Generated by AI AgentAinvest Volume Radar
Friday, May 30, 2025 8:06 pm ET1min read
SVT--
TDG--

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.

Hunt down the stocks with explosive trading volume.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet