AAR is to acquire Triumph Product Support for US$725 million in cash

AAR to acquire Triumph Group’s Product Support business

AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for US$725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately US$80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be …

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