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Aurora Exits K&F

Meggitt PLC (LSE: MGGT.L) has agreed to acquire aerospace partners maker K&F Industries Holdings Inc. (NYSE: KFI) for $27 per share. The deal represents and exit for Aurora Capital Group, which acquired K&F in 2004 and which still holds a 36% of K&F's outstanding shares (along with certain of its cosponsors). www.kandfindustries.com