Private equity firm MidOcean Partners makes a last-minute $18.25 per share counterbid for Edac Technologies (EDAC +4.5%), valuing the aerospace and industrial-components maker at about $105M and trumping Monday's $17.75 per share deal made with Greenbriar affiliate GB Aero Engine. The proposal, being made through one of MidOcean's affiliates and with a large North American pension plan investment manager, represents a 23.2% premium to the average closing per share price of EDAC over the 30 trading days preceding the announcement of the deal with Greenbriar.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs