TAT Technologies may conduct placement to fund acquisitions, mergers

By Sheri Kasprzak

New York, Jan. 8 - TAT Technologies Ltd. said it may seek out a private placement or public offering to help fund possible mergers and acquisitions with complementary companies.

News of the offering comes at the same time as TAT's announcement that it and Stork NV could not reach a final agreement on Stork's proposed joint venture with TAT subsidiaries Piedmont Aviation Component Services LLC and Limco Airepair, Inc.

No terms for any public or private offering have been set at this time.

Based in Gedera, Israel, TAT manufactures, repairs and overhauls heat transfer equipment used in aircraft, defense systems, electronic equipment and other applications.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.