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Triumph to buy Vought Aircraft in $984M deal

Triumph Group Inc. agreed to acquire Vought Aircraft Industries Inc. from Carlyle Group for $984 million, a deal which will give the private-equity giant nearly one-third of Triumph.

The Wayne, Pa., maker and repairer of aircraft components and accessories will issue 7.5 million shares and pay $525 million under the deal, which is expected to close in July. Including the retirement of Vought debt, the deal is valued at $1.44 billion.

[Wall Street Journal]