Triumph Group to be acquired by Warburg Pincus/Berkshire for $26/sh all-cash, ~$3B EV

TRIUMPH GROUP INC

Shareholders to receive $26.00 per share in cash; enterprise value ~$3 billion.
Premium of ~123% over unaffected closing price; ~58% over 90-day VWAP.
Board unanimously approved and recommends shareholders vote for merger.
Management entered support agreements to vote shares in favor; termination fee $80M.
Transaction expected to close H1 2025; subject to shareholder and regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TRIUMPH GROUP INC: Added a forum selection clause designating the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain legal disputes (effective 2025-02-02).

Change: bylaw amendment
Effective: 2025-02-02

Exact text from the filing

On February 2, 2025, the Board approved and adopted an amendment to the Company’s Amended and Restated By-Laws to add a forum selection clause that designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain legal disputes, which became effective upon such approval and adoption.

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Source: SEC EDGAR

accession 0001193125-25-018820

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