Héroux-Devtek Inc., an international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, announced the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement under the provisions of the Business Corporations Act (Québec) involving Héroux-Devtek and an affiliate of Platinum Equity Advisors, LLC.
Héroux-Devtek also announced that the U.K. Government has informed the corporation that it will not take any further action in relation to the proposed arrangement under the National Security and Investment Act 2021 (United Kingdom), satisfying the related closing condition set forth in the arrangement agreement.
The proposed arrangement remains subject to certain customary closing conditions, including the receipt of applicable regulatory approvals in Spain.
If the necessary approvals are obtained and the other conditions to closing are satisfied or waived, it is anticipated that the arrangement will be completed by the parties before the end of the corporation’s current fiscal year ending March 31, 2025.
This press release was prepared and distributed by Héroux-Devtek.
