Needham & Company Downgrades Aeroflex Holding (ARX) to Hold; Doesn't Expect Other Bids

Needham & Company downgraded Aeroflex Holding (NYSE: ARX) from Buy to Hold following today's takeover.

Analyst N. Quinn Bolton said, "As we expect the transaction to receive HSR and CFIUS approval and as shareholders owning ~76% of ARX's outstanding shares have committed to vote in favor of the transaction, we expect the transaction to be completed successfully. We do not anticipate other bids."

For an analyst ratings summary and ratings history on Aeroflex Holding click here. For more ratings news on Aeroflex Holding click here.

Shares of Aeroflex Holding closed at $8.31 yesterday.

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