The US$1.35-billion deal with Platinum Equity represents $32.50 a share—a 28 per cent premium to yesterday’s closing price. Platinum Equity has pledged to keep Héroux-Devtek’s head office in the province. (The Logic)
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The US$1.35-billion deal with Platinum Equity represents $32.50 a share—a 28 per cent premium to yesterday’s closing price. Platinum Equity has pledged to keep Héroux-Devtek’s head office in the province. (The Logic)
Talking point: Founded in 1942, Héroux-Devtek is the third-largest landing-gear supplier in the world, employing 1,800 people across 15 sites and net sales last year of roughly $630 million. Quebec public pension fund manager Caisse de dépôt et placement was its largest shareholder, holding 4,807,395 shares in the company at the end of last year, according to the pension’s 2023 annual report. In May, Boeing announced it was investing $35 million in Héroux-Devtek for advanced landing-gear research.
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