Mercury Systems (MRCY) Completes CES Acquisition

November 4, 2016 11:06 AM EDT

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Mercury Systems (NASDAQ: MRCY) announced the completion of its previously reported acquisition of CES Creative Electronic Systems, S.A. (“CES”).

Pursuant to the terms of the Stock Purchase Agreement applicable to the acquisition, Mercury acquired CES for a total purchase price of approximately $38 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded with cash on hand.

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