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Curtiss-Wright To Acquire Vehicle Controls Supplier Williams Controls

Defense Daily Staff Defense Daily Staff
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Curtiss-Wright Corp. [CW] yesterday said it has agreed to acquire Williams Controls [WMCO], a designer and manufacturer of electronic sensors and electronic throttle controls for heavy trucks, off-road equipment and military vehicles. Curtiss-Wright will pay about $119 million for Williams Controls through a $15.42 per share cash tender offer. Williams Controls’ closing stock price on Wednesday, the day before the deal was announced, was $10.91. Curtiss-Wright said the pending deal is a further step on its path to be the…

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