M&A - SERVOTRONICS INC /DE/

Form Type: 8-K

Filing Date: 2025-05-19

Corporate Action: Merger

Type: New

Accession Number: 000143774925017514

Filing Summary: On May 18, 2025, Servotronics, Inc. entered into a Merger Agreement with TransDigm Inc. and its wholly-owned subsidiary, TDG Rise Merger Sub, Inc. The agreement stipulates that Merger Sub will commence a tender offer to purchase all of the outstanding shares of Servotronics' common stock at $38.50 per share in cash. The closing of the transaction is contingent upon the tender of a majority of the shares, among other customary conditions. A joint press release announcing the agreement was issued on May 19, 2025. Additionally, a Tender and Support Agreement was signed with key stockholders, who collectively own about 20.2% of the shares, agreeing to support the tender offer. The Merger Agreement includes provisions regarding termination fees and restrictions on alternative acquisition proposals.

Form Type: SC14D9C

Filing Date: 2025-05-19

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925017515

Filing Summary: This Schedule 14D-9 concerns the proposed acquisition of Servotronics, Inc. by TransDigm Inc. and TDG Rise Merger Sub, Inc. under an Agreement and Plan of Merger dated May 18, 2025. The communication includes a press release dated May 19, 2025, and mentions a tender offer for the outstanding shares of Servotronics' common stock, which has not yet commenced. It outlines the importance for stockholders and investors to read the tender offer materials and solicitation/recommendation statements when available, as they will contain crucial information regarding the transaction. Additionally, the document contains forward-looking statements that detail potential risks and uncertainties regarding the completion of the transaction, including issues related to timing and competing offers.