Meggitt Closes K&F Buyout

Meggitt PLC (LSE: MGGT.L) has completed its $27 per share acquisition of aerospace parts maker K&F Industries Holdings Inc. (NYSE: KFI). The $1.8 billion deal represents an exit for Aurora Capital Group, which acquired K&F in 2004 and which still held 36% of K&F's outstanding shares (along with certain of its cosponsors).