Servotronics Inc., a designer and manufacturer of servo-control components and other advanced technology products, announced an amendment to its Agreement and Plan of Merger with TransDigm Inc. The updated terms include an increased tender offer price of $47.00 per share in cash for all outstanding shares of Servotronics. This follows Servotronics' receipt of an unsolicited acquisition proposal from a third party, which the company's Board of Directors determined does not constitute a superior proposal. Further details will be available in a forthcoming Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.
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