Woodward, Inc. (WWD) Completes Acquisition of Valve Research & Manufacturing Company

According to the property release, astir 130 employees of the Florida-based shaper of travel power valves for aerospace applications volition go members of Woodward and enactment nether its Fuel Systems and Controls business. Moreover, the installation successful Florida volition beryllium called the Woodward Florida Campus (WFC).

The transaction was primitively announced connected March 9, with the presumption of the woody including the takeover of each outstanding shares of Valve Research & Manufacturing Company, on with its manufacturing facilities and existent estate.

In different news, Wells Fargo connected April 1 initiated sum connected Woodward, Inc. (NASDAQ:WWD) with an Overweight standing and announced a stock terms people of $440.

As of the adjacent of concern connected April 2, the banal is simply a Strong Buy with an mean stock terms upside imaginable of 13%.

Woodward, Inc. (NASDAQ:WWD) designs, produces, and services vigor conversion and power solutions for the aerospace and concern instrumentality markets.

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