Star Equity Fund’s Successful Servotronics Campaign Leads to Acquisition by TransDigm for $47 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Star Equity Fund's Influence: Star Equity Fund successfully advocated for Servotronics to explore strategic alternatives, leading to a tender offer from TransDigm at $47.00 per share, representing a 357% premium over the previous closing price.
Shareholder Value Creation: The advocacy efforts resulted in significant changes within Servotronics' Board, including new independent directors and the termination of a poison pill, ultimately validating Star Equity Fund's belief that the company's shares were undervalued.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
