Deal snapshot: UK CMA CLEARS CHEMRING'S ACQUISITION OF WALLOP DEFENCE.
The UK Competition and Markets Authority has cleared a deal under which Chemring Group plc (LSE: CHG) will acquire US-based aerospace and defense industry supplier Esterline Corp's (NYSE: ESL) UK-based Wallop Defence Systems subsidiary, CMA said.
This deal was announced last November. Wallop products are a part of the Esterline Defense Technologies group and the assets involved in the transaction include infrared decoy flare countermeasure products used by military forces in the protection of aircraft from air-to-air and ground-to-air missiles.
Sector: IT/Online Services
Target: Wallop Defence Systems
Buyer: Chemring Group plc
Vendor: Esterline Corp
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: UK Competition and Markets Authority clears deal
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|Publication:||M & A Navigator|
|Date:||Apr 1, 2016|
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