08:48 AM EDT, 05/19/2025 (MT Newswires) -- TransDigm Group ( TDG ) will acquire Servotronics ( SVT ) in a cash deal valued at about $110 million, the companies said Monday.

A TransDigm ( TDG ) unit will submit a tender offer at $38.50 per share to acquire Servotronics ( SVT ), representing a 274% premium to Servotronics' ( SVT ) last closing share price before the announcement, according to the companies.

Under the terms of the deal, the offer is expected by June 9, the companies said.

The potential acquisition, to be funded with cash on hand, is subject to standard closing conditions, including a majority of shares being tendered, they added.