M&A - Beaver Hollow Wellness, LLC

Form Type: DFAN14A

Filing Date: 2025-05-22

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925018046

Filing Summary: On May 22, 2025, Beaver Hollow Wellness, LLC ('BHW') withdrew its slate of nominees for election to the Board of Directors of Servotronics, Inc. at the upcoming annual meeting of shareholders. This withdrawal coincides with the announcement of a proposed acquisition of Servotronics by TransDigm Group Incorporated, which aims to deliver significant returns to shareholders and preserve local manufacturing jobs. Following the conclusion of its proxy solicitation campaign, BHW intends to vote 'Withhold' on the election of incumbent board members at the annual meeting. BHW's campaign has resulted in a notable share price increase, emphasizing the strategic value added by the pressure on the existing board to take action. BHW continues to advocate for the assurance of job preservation and operational oversight following the acquisition.

Form Type: DFAN14A

Filing Date: 2025-05-20

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925017845

Filing Summary: Beaver Hollow Wellness, LLC, through its chairman Paul L. Snyder III, expressed concerns regarding the upcoming acquisition of Servotronics, Inc. by TransDigm Group Inc. for $110 million, which would make Servotronics an indirect subsidiary of TransDigm. Snyder highlighted the importance of maintaining local operations and jobs in New York following the acquisition. TransDigm's offer of $38.50 per share is significantly higher than Servotronics' recent stock price, indicating a robust interest in the company. While Snyder recognizes TransDigm's operational expertise, he stresses the need for commitment to the local workforce and transparency about future plans for Servotronics. The acquisition follows a recent struggle for control within Servotronics, with Snyder advocating for changes to the board to better secure the company's local presence. The shareholders meeting scheduled for June 3, 2025, will address these pressing concerns and discuss Snyder's proposed nominees for the board. TransDigm has not publicly outlined its future plans for Servotronics' local operations. Snyder owns 15.2% of Servotronics’ shares through Beaver Hollow, and this acquisition could significantly increase the value of his stake.

Form Type: DFAN14A

Filing Date: 2025-05-19

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925017604

Filing Summary: On May 19, 2025, Beaver Hollow Wellness, LLC (BHW) issued a public statement concerning the acquisition of Servotronics, Inc. by TransDigm Group Incorporated. BHW acknowledged TransDigm's reputation and operational success but expressed significant concern for Servotronics' 275 employees and the economic impact on Western New York. BHW is advocating for TransDigm to publicly commit to supporting Servotronics' employees and operations. They are also continuing their proxy campaign to ensure shareholder interests are represented during this acquisition process. BHW, the largest shareholder of Servotronics, encourages dialogue with TransDigm to protect jobs and the company's local presence.