Wynnefield Capital Concludes Successful Investment in Breeze-Eastern

NEW YORK--(BUSINESS WIRE)-- Wynnefield Capital today announced the successful conclusion of its funds’ long-term investment in Breeze-Eastern Corporation (formerly NYSE: BZC), following the company’s acquisition by TransDigm Group Incorporated (NYSE: TDG), which was completed earlier this week.

At the time of the TransDigm transaction, the Wynnefield Capital funds owned 2,117,911 shares, or 21.36% of the shares outstanding. Nelson Obus, President of Wynnefield Capital, and Frederick G. Wasserman have served as directors representing Wynnefield Capital and all outside shareholders on the Breeze-Eastern Board of Directors since 2012.

Mr. Obus stated, “We are very pleased with the positive outcome of our Breeze-Eastern investment, and thank Chairman of the Board Bob Kelly, Chief Executive Officer Brad Pederson and the management team for their efforts. It has been an honor to serve on the Breeze-Eastern Board and to participate in the company’s growth and creation of shareholder value.”

About Wynnefield Capital

Established in 1992, Wynnefield Capital is a value investor specializing in U.S. small cap situations that have company- or industry-specific catalysts.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160107006129/en/

Kekst
Mark Semer / Ross Lovern
212-521-4800

Source: Wynnefield Capital

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