Altra To Buy TB Wood's

Altra Holdings Inc. (Nasdaq: AIMC) has agreed to acquire fellow power transmission company TB Wood's Corp. (Nasdaq: TBWC) for $24.80 per share in cash. The total deal is valued in excess of $120 million, and is expected to close next quarter. Altra went public in December, with private equity backer Genstar Capital still holding a stake of approximately 30 percent. www.gencap.com