July 27, 2016 9:32 AM ET

Aerospace and Defense

Company Overview of Breeze-Eastern Corporation

Company Overview

Breeze-Eastern Corporation designs, develops, manufactures, sells, and services engineered mission equipment for specialty aerospace and defense applications worldwide. It primarily offers mission-critical helicopter rescue hoist and cargo hook systems; hydraulic and electric aircraft cargo winch systems; cargo and aircraft tie-downs; and hoists for aircraft and weapons systems. The company also manufactures weapons handling systems, including weapons handling equipment for land-based rocket launchers, and munitions hoists for loading missiles and other loads using electric power or exchangeable battery packs; and actuators and specialty gearboxes for specialty weapons applications. In addit...

35 Melanie Lane

Whippany, NJ 07981

United States

Founded in 1962

165 Employees

Phone:

908 688 2440

Key Executives for Breeze-Eastern Corporation

President and Director
Age: 48
Secretary and Director
General Manager of Production Operations and Customer Support
Vice President of Contracts and Customer Support
Compensation as of Fiscal Year 2016.

Breeze-Eastern Corporation Key Developments

Harwood Feffer LLP Files Lawsuit Against Breeze-Eastern Corporation

Harwood Feffer LLP announced the filing of a lawsuit, under the federal securities laws and the Delaware General Corporation Law, in the United States District Court for the Southern District of New York on January 5, 2016 against the board of directors of Breeze-Eastern Corporation concerning the acquisition of the company by TransDigm Group Incorporated Under the terms of the offer, TransDigm acquired Breeze-Eastern in a transaction valued at approximately $206 million. Pursuant to the deal, Breeze-Eastern stockholders received $19.61 per share in cash. The offer price was based on materially misleading disclosures to the company's stockholders.

Breeze-Eastern Corporation(AMEX:BZC) dropped from CRSP US Total Market Index

Breeze-Eastern Corporation(AMEX:BZC) dropped from CRSP US Total Market Index

Breeze-Eastern Corporation Announces Management Changes

On November 19, 2015, Breeze-Eastern Corporation entered into an Agreement and Plan of Merger, dated as of November 18, 2015, with TransDigm Group Incorporated, and Hook Acquisition Sub Inc. and an indirect, wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, on December 3, 2015, Purchaser commenced a tender offer to acquire all outstanding shares of common stock, par value $0.01 per share, of the company at a purchase price of $19.61 per share in cash, without interest, less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the offer to purchase, dated December 3, 2015 (as amended or supplemented), and the related letter of transmittal. In connection with the Merger and as contemplated by the Merger Agreement, at the Effective Time, William T. Crosby, Robert J. Kelly, Nelson Obus, Brad Pedersen, William J. Recker, William M. Shockley, Charles A. Vehlow and Frederick Wasserman each ceased to be directors of the company and members of any committee of the company's Board of Directors. At the Effective Time, Brad Pedersen, Serge Dupuis and Mark McMillin each ceased to be officers of the company.

Similar Private Companies By Industry

Company Name Region
4M Research, Inc. United States
A E Wolffe Limited United States
A&G Machine, Inc. United States
A-1 Machining Co. Inc. United States
A-T Solutions, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 19, 2015
--
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Breeze-Eastern Corporation, please visit www.breeze-eastern.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.