TransDigm and Servotronics announce successful completion of tender offer and TransDigm's acquisition of Servotronics

TransDigm Group Incorporated and Servotronics, Inc. today announced the successful completion of the previously announced tender offer for Servotronics' shares at a purchase price of $47.00 per share in cash at closing, without interest and less any applicable withholding taxes, and the completion of TransDigm's acquisition of Servotronics.

The tender offer expired one minute after 11:59 p.m., New York City time, on June 30, 2025. As of the expiration of the tender offer, 2,228,197 shares of Servotronics' common stock were validly tendered into and not withdrawn from the offer, representing approximately 87.09% of outstanding shares. All conditions of the tender offer were satisfied or waived and all shares validly tendered and not withdrawn were accepted for payment.

As a result of its acceptance of the shares tendered in the tender offer, TransDigm and its affiliates acquired a sufficient number of shares of Servotronics' common stock to complete the acquisition by merger without a vote of Servotronics' stockholders pursuant to Section 251(h) of the Delaware General Corporation Law. As such, the merger was completed today, July 1, 2025.

Each outstanding share of Servotronics' common stock that was not validly tendered in the tender offer (other than shares irrevocably accepted for payment in the tender offer, treasury stock of Servotronics to be cancelled or shares held by Servotronics stockholders properly exercising their appraisal rights under Section 262 of the DGCL) will be converted into the right to receive an amount equal to the tender offer price. In addition, the common stock of Servotronics will cease to trade on NYSE American and a notice of delisting with respect to shares of Servotronics is expected to be filed promptly.