Wencor: HEICO to buy Wencor in deal valued at $2.05 billion

Aerospace supplier HEICO said on Monday it would buy Wencor Group in a deal valued at $2.05 billion. HEICO will purchase Wencor from affiliates of Warburg Pincus and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A common stock, the company said. "The Wencor acquisition materially expands HEICO's aftermarket product offe...