NYSE:TDGAerospace & Defense
Expanded M&A Firepower and Point72 Stake Could Be A Game Changer For TransDigm Group (TDG)
Recently, TransDigm Group outlined an aggressive acquisition program with three completed deals and nearly US$10.00 billion in remaining M&A capacity, while also lifting full-year guidance on the back of an improved revenue outlook and robust defense segment performance.
A further development was Steve Cohen’s Point72 Asset Management initiating a new US$336.00 million position in TransDigm, taking ownership to about 0.45% of the company’s shares outstanding and underscoring heightened...