Needham & Company Downgrades Aeroflex Holding (ARX) to Hold; Doesn't Expect Other Bids
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Cobham plc to Acquire Aeroflex Holdings (ARX) in $1.46B Deal
May 20, 2014 6:39 AM EDTAeroflex Holdings (NYSE: ARX) entered into a merger agreement with Cobham plc. Under the terms of the transaction, Cobham will acquire Aeroflex for $10.50 per share in cash. Total transaction value is approximately $1.46 billion, including the assumption of Aeroflexs net debt of $540 million at March 31, 2014.
The agreement, which has been approved by Aeroflexs Board of Directors, represents a premium of approximately 26.1% over Aeroflexs closing stock price on... More
