Triumph Group, Inc. announced it has entered into a definitive agreement to be acquired by affiliates of private equity firms Warburg Pincus and Berkshire Partners. The all-cash transaction values Triumph at approximately $3 billion in total enterprise value.
Under the terms of the agreement, Triumph shareholders will receive $26.00 per share in cash. This purchase price represents a premium of approximately 123% over the company's unaffected closing stock price on October 9, 2024, and a premium of approximately 58% over the 90-day volume weighted average price prior to January 31, 2025.
The transaction is expected to close in the second half of calendar year 2025, subject to customary closing conditions, including approval by Triumph shareholders and receipt of required regulatory approvals. Upon completion, Triumph will become a privately held company jointly controlled by Warburg Pincus and Berkshire Partners, and its Board of Directors unanimously approved the agreement.
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