Alcoa to Buy TransDigm’s Fastener Unit for $240 mln

Reuters.com reports that Alcoa (NYSE:AA) is going to purchase TransDigm’s (NYSE:TDG) fastener unit.

The story is quoted as saying:

Alcoa , the largest U.S. aluminum producer, will buy TransDigm Group’s  fastener business for about $240 million to expand its presence in the aerospace market where demand for the metal is expected to grow rapidly.

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