Kirkland Aids Greenbriar In $104M Stock Deal For EDAC Tech

Law360, New York (March 18, 2013, 2:18 PM EDT) -- New York private equity firm Greenbriar Equity Group LLC has agreed to acquire aerospace parts maker EDAC Technologies Corp. in a $104.1 million take-private stock deal and has secured the support of EDAC senior management, the manufacturer said Monday.

An affiliate of Greenbriar, GB Aero Engine LLC, will purchase EDAC for $17.75 per share in cash, a 19.8 percent premium to EDAC's average closing price for the 30 days ending Friday and 8 percent above its Friday closing price of $16.26. The purchase price is a...
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