Aerosonic Corp.’s 40-day period of shopping for acquisition proposals ended May 30.
Under the terms of an April 19 merger agreement with TransDigm Group Inc., Clearwater-based Aerosonic (NYSE MKT: AIM) had the right to seek a better acquisition proposal for 40 days.
Aerosonic and Bluestone Capital Partners, its financial advisor, contacted 101 potential acquirers, but none indicated an interest in submitting a proposal to acquire the company, according to a written statement.
TransDigm (NYSE:…
Aerosonic Corp.’s 40-day period of shopping for acquisition proposals ended May 30.
Under the terms of an April 19 merger agreement with TransDigm Group Inc., Clearwater-based Aerosonic (NYSE MKT: AIM) had the right to seek a better acquisition proposal for 40 days.
Aerosonic and Bluestone Capital Partners, its financial advisor, contacted 101 potential acquirers, but none indicated an interest in submitting a proposal to acquire the company, according to a written statement.
TransDigm (NYSE:…