Greenbriar Extends EDAC Offer

Greenbriar Equity Group said Thursday that an affiliate has extended its tender off for all outstanding shares of EDAC Technologies Co. to 5 p.m.on Monday, May 6. GB Aero Engine in March reportedly agreed to buy EDAC in a deal valued at $100 million. MidOcean Partners had pitched a rival $105 million bid for EDAC but pulled the offer, the Wall Street Journal has reported.

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