Greenbriar Completes Acquisition of EDAC Technologies Corporation
2013年5月8日 - 5:45AM
ビジネスワイヤ(英語)
Greenbriar Equity Group LLC (“Greenbriar”) announced today the
successful completion of the tender offer by its affiliate, GB Aero
Engine Merger Sub, Inc., a wholly owned subsidiary of GB Aero
Engine LLC, for all of the outstanding shares of common stock of
EDAC Technologies Corporation (NASDAQ: EDAC) (“EDAC”) at a purchase
price of $17.75 per share. As of the expiration of the offer,
4,079,188 shares of common stock of EDAC were validly tendered and
not withdrawn in the tender offer.
As part of the successful completion of the tender offer, GB
Aero Engine LLC exercised its right granted under the merger
agreement with EDAC pursuant to which the tender offer was made to
purchase additional shares from EDAC which would allow GB Aero
Engine LLC to complete the merger without stockholder approval.
Today, GB Aero Engine LLC acquired all of the remaining outstanding
shares of EDAC common stock by means of a “short form merger” in
which all such shares, other than shares held by EDAC in treasury
or shares held by EDAC’s shareholders who are entitled to and have
properly exercised dissenters’ rights under Wisconsin law, were
converted into the right to receive $17.75 per share, in cash and
without interest, less any applicable withholding taxes. GB Aero
Engine LLC intends to delist and de-register EDAC common stock as
promptly as practicable following the effective time of the
merger.
About Greenbriar Equity Group
LLC
Greenbriar Equity Group LLC, a private equity firm with $1.5
billion of committed capital, focuses exclusively on the global
transportation industry, including companies in aerospace and
defense, automotive, freight and passenger transport, logistics and
distribution, and related sectors. Greenbriar invests with proven
management teams who are interested in being significant equity
owners in their companies as well as with corporate partners who
are interested in raising capital. Greenbriar’s partners bring many
decades of experience at the highest levels within the
transportation industry. Additional information may be found at
www.greenbriarequity.com.
Edac Technologies Corp. (MM) (NASDAQ:EDAC)
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