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.
