Aug 18 (Reuters) - Heico Corp
* Heico Corporation announces its largest acquisition
* Heico Corp - deal for $316.5 million in cash
* Heico Corp - Heico stated purchase price is $316.5 million in cash to be paid at closing
* Heico Corp - its electronic technologies group entered into a stock purchase agreement to acquire 100% of stock of Aeroantenna Technology Inc.
* Heico Corp - expects acquisition to be accretive to its earnings within first year following closing
* Heico Corp - additional financial details were not disclosed.
* Heico Corp - purchase price includes about $37 million to compensate sellers for tax elections which will result in a net cash tax benefit to Heico
* Heico Corp - AAT would continue to operate in same location with current management in place
* Heico Corp - no material staff turnover is expected post-acquisition. Source text for Eikon: Further company coverage: