09:23 AM EDT, 05/29/2025 (MT Newswires) -- TransDigm Group ( TDG ) and Servotronics ( SVT ) have amended their merger agreement to increase the tender offer price to $47 per share in cash from $38.50 previously, Servotronics ( SVT ) said in a regulatory filing Thursday.

The agreement was amended Wednesday after Servotronics ( SVT ) informed TransDigm ( TDG ) about an unsolicited acquisition proposal from an undisclosed third party, although Servotronics' ( SVT ) board had decided that this "does not constitute a superior proposal," Servotronics ( SVT ) said.

Under the terms of the agreement, a TransDigm ( TDG ) subsidiary will launch a tender offer to acquire all of the outstanding shares of Servotronics ( SVT ).

Servotronics ( SVT ) shares rose more than 24% in premarket activity Thursday, while TransDigm ( TDG ) shares were down 3.5%.