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Curtiss-Wright Stockholders Approve Recapitalization

Recapitalization to be accomplished through a merger of a wholly-owned subsidiary into Curtiss-Wright, in which the outstanding shares of common stock and Class B common stock will be exchanged for shares of the single class of common stock on a one share-for-one share basis.Roseland”s Curtiss-Wright (NYSE: CW; CW.B) said Thursday its stockholders have approved the recapitalization of the company”s common stock and Class B common stock into a single class of common stock.

The recapitalization will be accomplished through a merger of a wholly-owned subsidiary into Curtiss-Wright, in which the outstanding shares of common stock and Class B common stock will be exchanged for shares of the single class of common stock on a one share-for-one share basis.

Curtiss-Wright plans to complete the recapitalization within one week. Following the completion of the recapitalization, the single class of common stock will trade under the symbol CW.

“We believe a single class of stock will benefit all of our stockholders by providing increased trading liquidity and a simplified capital structure,” Martin R. Benante, chairman and CEO of Curtiss-Wright, said.

At the close of trading, Curtiss-Wright shares were down $0.86 to $55.10.

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