EDAC Technologies Acquires EBTEC

MidOcean Partners Offers To Buy EDAC For $18.25/share In Cash - Quick Facts

Trade EDAC now with

6/1/2012 3:54 PM ET

EDAC Technologies Corp. (EDAC: Quote) announced that it has acquired EBTEC Corporation, a provider of advanced precision manufacturing processes and fabrication solutions to leading aerospace, power generation, industrial, semiconductor and medical customers. Privately-owned EBTEC, which is headquartered in Agawam, Mass., had sales of $12.6 million in 2011.

The purchase price was approximately $11 million, of which $1.65 million has been paid in EDAC stock, with the balance funded by financing through TD Bank N.A.

Click here to receive FREE breaking news email alerts for EDAC TECHNOLOGIES CP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 120 Articles

Editors Pick

CBO Finds Senate Immigration Bill Would Reduce Budget Deficit

Providing a potential boost to comprehensive immigration reform, the non-partisan Congressional Budget Office has estimated that the immigration bill currently being debated in the Senate would result in a notable reduction to the federal budget deficit.

Stocks Seeing Modest Weakness In Early Trading - U.S. Commentary

Stocks have moved modestly lower in early trading on Wednesday, giving back some ground after closing higher in the two previous sessions. The major averages have dipped into negative territory, although selling pressure remains subdued. The major averages have edged up off their lows for the young session in the past few minutes but remain in the red.

Angelina Jolie Listens To Tragic Stories Of Syrians Fleeing Conflict

Along a dirt track on an unexpectedly cool and windy night on Jordan's border with Syria, as shadows lengthened across the barren hills, UNHCR Special Envoy Angelina Jolie listened to the stories of men, women and children who had fled Syria just hours before. She heard stories of bombs and pain and loss from people fleeing Homs, Dara'a and Qusair, three of the communities devastated by the Sy