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Vintage Capital offers to buy Anaren
April 15 |
April 15 (Reuters) - Investment firm Vintage Capital Group LLC offered to buy Anaren Inc for $23 per share in a deal that values the telecommunication components maker at about $300 million.
The offer represents a premium of 17 percent to Anaren's Monday close of $19.61 on the Nasdaq. Anaren shares rose 10 percent in extended trading.
Vintage Capital holds 12.8 percent in East Syracuse, New York-based Anaren.
Private equity firm Discovery Equity Partners, which holds a 5.9 percent stake in Anaren, urged the company's board last week to solicit offers from "certain parties".
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