Fairchild Aerospace Sold

Edited by Paul RichfieldBy Paul Richfield February 01, 2000
An ``investment alliance'' led by former Allison Engine owners Clayton, Dubilier&Rice (CD&R) and Allianz Capital Partners (ACP) has acquired Fairchild Aerospace in a cash and debt-financed deal worth $1.2 billion. The much-awaited announcement follows Fairchild's receipt of $350 million in European...

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