2 Investor Groups Sell Shares in Whittaker Corp.
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Two investor groups have sold their shares in Whittaker Corp., a Simi Valley-based supplier of aircraft parts and systems.
Money manager Paul Blavin and his affiliates sold their 8.54% stake, a total of 969,376 shares, at $27.51 each, according to papers filed with the Securities and Exchange Commission.
An investment group that includes Waveland Partners LP also sold its entire 6.98% stake, 798,432 shares, for $27.45 apiece, according to the SEC. The Waveland group, headed by David S. Richter, originally invested in Whittaker in December, buying 445,000 shares at $11.88 apiece.
Meggitt Plc, a British engineering company that makes aircraft instruments, has announced that it will buy Whittaker for $28 per share in a transaction valued at $380 million in cash and assumed debt.
Whittaker manufactures control valves and fire- and smoke-detection systems for commercial and military airplanes.
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