Scot Inc., a manufacturer of cartridge-actuated and propellant-actuated devices for use in the commercial aerospace and defense markets, announced that it has signed a definitive agreement to be acquired by Chemring Group PLC. The announced purchase price was $40 million.
RSM EquiCo Capital Markets LLC initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Scot and its stakeholders. Reed Smith LLP acted as the legal advisor to Scot. Seyfarth Shaw LLP acted as the legal advisor to Chemring.
Friday, July 11, 2008
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