Tue, May. 20, 4:24 AM
- Aeroflex (ARX) has agreed to sell itself to British defense and aerospace firm Cobham (CBHMF) for $1.46B, including $540M of debt.
- Cobham is offering $10.50 a share for the U.S. wireless-communications firm, which represents a premium of 26.1% over its close yesterday of $8.31.
- Aeroflex manufactures microelectronic components, measurement equipment and other parts for space, avionics and defense companies. (PR)
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