VECTOR AEROSPACE ATTRACTS POTENTIAL BUYERS

Canada’s Vector Aerospace Group has attracted potential takeover interest from Triumph Group, L-3 Communications Holdings as well as some private equity firms. Scotia Capital is advising Vector Aerospace on its options and it is expected to open negotiations this week, according to media reports.IMP Group is already a stakeholder with 32% Vector and it has been mooted it could join the bid process also. Vector, which provides maintenance, repair and overhaul (MRO) services for commercial and military aircraft and helicopter operators from bases in Canada, US, UK and Africa, could fetch between $490 million and $550 million.