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TransDigm completes acquisition of Esterline for $4B

U.S. aircraft parts maker TransDigm Group Inc. completed the acquisition of rival Esterline Technologies Corp. for approximately $4.0 billion, including debt.

Esterline shareholders will receive $122.50 in cash per share in the company.

TransDigm said the acquisition expands its platform of proprietary and sole source content for the aerospace and defense industries.