Héroux-Devtek secures key approvals for takeover by Platinum Equity! What’s next?

Héroux-Devtek secures key approvals for takeover by Platinum Equity! What’s next?

Héroux-Devtek Inc. (TSX: HRX), a Québec-based aerospace manufacturer and the world’s third-largest landing gear maker, has received a final order from the Superior Court of Québec approving its plan of arrangement involving an affiliate of Platinum Equity Advisors, LLC. The court’s approval under the Business Corporations Act (Québec) marks a crucial step toward completing the […]

Héroux-Devtek shareholders approve C$1.35bn acquisition by Platinum Equity

Héroux-Devtek shareholders approve C$1.35bn acquisition by Platinum Equity

Héroux-Devtek Inc., the world’s third-largest landing gear manufacturer and a major player in the aerospace industry, announced a decisive step forward in its acquisition by Platinum Equity Advisors, LLC. At a special meeting on September 6, 2024, an overwhelming 99.25% of shareholders approved the plan of arrangement for the $1.35 billion deal, a strategic move […]