• Apr. 8, 2013, 10:03 AM

    Edac Technologies (EDAC -4.5%) falls after saying MidOcean Partners has withdrawn its bid to acquire all of Edac's outstanding shares for $18.25. The company recommends stockholders tender their shares to a separate offer from GB Aero Engine for $17.75. 

    Apr. 8, 2013, 10:03 AM
  • Mar. 28, 2013, 11:43 AM

    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.

    Mar. 28, 2013, 11:43 AM | 1 Comment
  • Mar. 18, 2013, 7:08 AM

    GB Aero Engine LLC plans to acquire EDAC Technologies (EDAC) for $17.75 a share in a cash tender offer, a narrow 8% premium over EDAC's closing price on Friday. The deal is expected to close in the second quarter of the year.

    Mar. 18, 2013, 7:08 AM