April 15 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
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
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".