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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.
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