Aero parts maker TransDigm to buy Esterline for $3.6 billion
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(Reuters) - Aircraft component supplier TransDigm Group Inc said on Wednesday it would buy smaller rival Esterline Technologies Corp for about $3.6 billion to add expand its aftermarket spare parts business.The deal will give TransDigm more heft to compete with planemakers Boeing Co and Airbus SE , which are pushing into the high-margin business of supplying parts and services to boost profits.The $122.50-per-share cash offer represents a 38 percent premium to Esterline's Tuesday close and is..