Barnes Group buying MB Aerospace in $740 mln deal
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Dow Jones
Barnes Group Inc. (B) on Monday announced plans to buy Motherwell, U.K.-based component maker MB Aerospace in a deal valued at about $740 million. The deal is expected to close in the fourth quarter. The deal is expected to generate about $330 million of revenue in 2023. Barnes Group stock is up 2% so far in 2023, compared to an 11.5% gain by the S&P 500 .
-Steve Gelsi
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06-05-23 0905ET
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