Woodward completes HR Textron acquisition

Woodward Governor Company completed the acquisition of all the outstanding shares of stock of HR Textron from Textron Inc. and substantially all the UK assets and certain liabilities related to the HR Textron business of Textron Limited. Woodward previously announced the signing of a definitive purchase agreement on February 27, 2009. The purchase price of $365 million and associated fees was financed with available cash, borrowings of $105 million under the revolving credit agreement, and new term debt financing.