secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0000046619-22-000038
Event type: m_and_a
Sentiment:  positive
Materiality: 0.78
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO to acquire Exxelia International for €453M in cash plus ~€14M liabilities
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- Purchase price of €453 million cash plus assumption of approximately €14 million in liabilities.
- Exxelia is a global leader in Hi-Rel passive electronic components and rotary joint assemblies for aerospace/defense.
- Transaction expected to close after obtaining required antitrust clearance and foreign investment authorizations.
- Exxelia's management and team members will retain a minority interest of around 5% of the business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000038/0000046619-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000038/hei-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000046619-22-000038

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