je.st
news
Hedge fund opposes hoist maker's sale
2015-12-15 08:10:14| Logistics - Topix.net
A minority shareholder of Morris County defense contractor Breeze-Eastern Corp., maker of hoists for Black Hawk helicopter rescue missions, wants to block a proposed $206 million sale of the company. Jim Vanasek, manager of the hedge fund VM Capital Management LLC in Manhattan, is saying Breeze-Eastern's largest shareholders, the New York City-based investment firms Tinicum Inc. and Wynnefield Capital Management, agreed to sell the company to Cleveland-based TransDigm Group Inc. for too little, $19.61 a share on the New York Stock Exchange.
Tags: sale
fund
makers
hedge
Category:Transportation and Logistics
Latest from this category |
All news |
||||||||||||||||||
|
|||||||||||||||||||