3rd Jan 2008 09:24
Meggitt PLC03 January 2008 Final Release 3 January 2008 Meggitt PLC Completion of S-TEC Disposal Meggitt PLC ("Meggitt"), the international aerospace, defence and performancesensors group, today announces the successful completion of the sale of S-TECInc., to Cobham plc for US$38m paid in cash. As anticipated, this transactionhas now received approval from the Committee on Foreign Investments in theUnited States (CFIUS). For further information, please contact: Meggitt PLC Tel: +44 1202 597597Terry Twigger, Group Chief ExecutiveStephen Young, Group Finance Director Buchanan Communications Tel: +44 20 7466 5000Charles Ryland / Jeremy Garcia Notes to Editors About MeggittMeggitt PLC is an international aerospace, defence and performance sensors groupwith a consistent record of strong financial performance. Meggitt's goal is toincrease its presence in long term growth markets through proprietary productdevelopment reinforced by strategic acquisitions and investment in people andfacilities. Meggitt's well-balanced portfolio offsets variation in demand fromthe market niches within which it operates. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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