Dynatech money move benefits TTC
Dynatech Corp., a publicly traded company, announced that it will recapitalize itself as a 95% private company with the help of a $277 million equity infusion from Clayton, Dubilier & Rice Inc., a private investment firm.
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The move will unlock the company and its subsidiaries-especially its largest unit, test equipment vendor Telecommunications Techniques Corp.-from the constricting expectations of the stock market. The resulting strategic flexibility and financial freedom will let Dynatech and TTC more easily pursue important acquisitions and emerging product trends.
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© 2012 Penton Media Inc.
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