announced the completion of its acquisition of LMBFans & Motors ... Founded more than 60 years ago, LMB is a global leader in designing and manufacturing customized, high-performance fans and motors.
(NYSE.LOAR) ("Loar," "we," "our," or "the Company") today announced the completion of its acquisition of LMBFans & Motors ("LMB") for €367 million, plus the assumption of debt, paid in cash at closing.
What Happened?. Shares of building systems company Limbach (NASDAQ. LMB) jumped 4.7% in the afternoon session after its board of directors approved a share repurchase program authorizing the company to buy back up to $50.0 million of its common stock ... .