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Deal snapshot: UK CMA CLEARS CHEMRING'S ACQUISITION OF WALLOP DEFENCE.

MANews-(C)2009-2016

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.

Country: UK

Sector: IT/Online Services

Target: Wallop Defence Systems

Buyer: Chemring Group plc

Vendor: Esterline Corp

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: UK Competition and Markets Authority clears deal

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Apr 1, 2016
Words:120
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