MidOcean and PSP Withdraw EDAC Purchase Offer
Farmington, Connecticut-based EDAC Technologies Corp. a designer, manufacturer and servicer of precision components for aerospace and industrial applications, announced that MidOcean Partners and Public Sector Pension Investment Board had withdrawn a proposal to acquire 100% of company shares. The bid, which has been estimated to value about US$97 million, was made in March. EDAC's board of directors continued to recommend an offer by GB Aero Engine LLC, an affiliate of the Greenbriar Equity Group.
10 April 2013•5 mins read
