WSJ: Mercury Systems on the block

|About: Mercury Systems, Inc. (MRCY)|By:, SA News Editor

The WSJ reports Mercury Systems (MRCY +19.2%) is in the early stages of a sale process, with initial bids about to arrive. Sources think the maker of aerospace/defense embedded computing systems could fetch $500M.

Shares soared to new 52-week highs in afternoon trading on the report. Mercury currently has a market cap of $438M.