Feb 27 (Reuters) - Heroux Devtek Inc HRX.TO :
* HEROUX-DEVTEK ANNOUNCES AGREEMENT TO ACQUIRE BEAVER AEROSPACE AND DEFENSE U.S. MANUFACTURER OF BALL SCREWS AND ACTUATION SYSTEMS
* HEROUX DEVTEK INC - DEAL FOR PURCHASE PRICE OF APPROXIMATELY US$23.5 MILLION
* HEROUX DEVTEK - DEAL TO BUY SHARES OF BEAVER AEROSPACE & DEFENSE INC AND ITS WHOLLY-OWNED SUBSIDIARY POWERTHRU INC FROM PHILLIPS SERVICE INDUSTRIES
* HEROUX DEVTEK INC - TRANSACTION WILL BE FINANCED THROUGH CORPORATION'S EXISTING REVOLVING CREDIT FACILITY