real-time news and commentary for investors
Tuesday, Sep 3
Sparton completes acquisition of Aydin Displays
- Sparton (SPA +1%) completes the acquisition of flat panel/touch-screen display solutions provider Aydin Displays from Video Display (VIDE +1.7%).
- The purchase price is comprised of cash, a 1-year 8% hold-back of the upfront price, and a $6M contingency based on Aydin's EBITDA in the next year. The subsidiary has a revenue run-rate of $18M.