Kratos Defense & Security/Henry Bros. Electronics, Inc.
On October 6, 2010, Kratos Defense & Security Solutions (Nasdaq: KTOS) and Henry Bros. Electronics, Inc. (Nasdaq: HBE) entered into a definitive agreement whereby Kratos would acquire Henry Bros. for a total consideration of $45 million, or $7.00 per share.
HBE has been given a 40-day "go shop" period.
The transaction is expected to close by the end of 2010.
Imperial Capital LLC advised HBE and rendered a fairness opinion to the HBE board of directors in connection with the approval of the transaction by the board.
HBE has been given a 40-day "go shop" period.
The transaction is expected to close by the end of 2010.
Imperial Capital LLC advised HBE and rendered a fairness opinion to the HBE board of directors in connection with the approval of the transaction by the board.
-
Kratos (KTOS) Completes Acquisition of Henry Bros. Electronics; Increases FY11 Revs, EBITDA Outlook
-
Henry Bros. (HBE) and Diebold (DBD) Finish Acquisition Talks (KTOS)
-
Notable Mergers and Acquisitions of the Day 11/15: CAT/BUCY, EMC/ISLN, EPB/EP, HBE/KTOS, MCCC
-
Henry Bros. (HBE) Announces 17% Increase to Merger Agreement with Kratos (KTOS)
-
Unusual 11 Mid-Day Movers 10/06: MROE, HBE, TSYS, CADE, AXU, EFOI Higher; EQIX, RAX, CTXS, SVVS, JTX Lower
-
Morning Movers 10/06: MROE, HBE, TSYS, RBN, DEAR, PRWT, EFOI, FBC, SPIR Higher; EQIX, WL, DMND, SVVS, RAX Lower
