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TransDigm commences tender offer for all shares of Aerosonic for $7.75 per share

TransDigm (TDG) and Aerosonic (AIM) announced that TransDigm's indirect wholly owned subsidiary, Buccaneer Acquisition has commenced a tender offer to acquire all of the outstanding shares of Aerosonic common stock for $7.75 per share in cash, without interest and less any applicable withholding taxes. The offer is being made pursuant to the terms of the previously announced definitive merger agreement entered into between TransDigm, Buccaneer Acquisition and Aerosonic on April 19. The offer is scheduled to expire on June 4.