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Mercury Computer Systems, Inc. Completes Acquisition of Micronetics Inc


Wednesday, 8 Aug 2012 04:01pm EDT 

Mercury Computer Systems, Inc. announced the closing of its previously announced acquisition of Micronetics Inc Micronetics Inc, designer and manufacturer of microwave and radio frequency (RF) subsystems and components for defense and commercial customers. The closing follows the satisfaction of all conditions to the closing of the transaction, including approval of the transaction by Micronetics' stockholders. Micronetics' common stock has ceased trading on the NASDAQ Capital Market. Pursuant to the terms of the merger agreement, Mercury acquired Micronetics for $14.80 per share. This represented a fully diluted equity value of $71.7 million and an enterprise value of $74.9 million, including $3.2 million of net debt as of the closing date. As previously announced, the transaction was funded with available cash. 

Company Quote

11.54
0.31 +2.76%
11:20am EDT