Subscribe free to our newsletters via your
. Space Industry and Business News .




CHIP TECH
Merger planned of electronic component providers
by Richard Tomkins
Plainview, N.Y. (UPI) May 20, 2013


disclaimer: image is for illustration purposes only

A merger is in the works for U.S. and British companies providing components and test equipment for aerospace, defense, electronics and other industries.

Aeroflex Holding Corp., headquartered in New York State, said that Cobham plc will acquire its stock at the price of $10.50 per share in cash for a total transaction value of about $1.46 billion.

Cobham will also assume Aeroflex's net debt of $540 million.

"This all-cash, premium transaction provides significant and immediate value to our stockholders," said Len Borow, Aeroflex's chief executive officer. "We believe Aeroflex and Cobham are a natural fit and that Aeroflex will benefit from the larger scale, market presence, and resources of the combined organization.

"We look forward to working with Cobham to ensure a seamless integration for our teams and customers around the world."

The deal requires regulatory approvals -- including the Committee on Foreign Investment in the United States and Hart-Scott-Rodino Antitrust Improvements Act of 1976 -- and stockholder approvals.

Aeroflex said the transaction is expected to close in the third quarter of this year.

.


Related Links
Computer Chip Architecture, Technology and Manufacture
Nano Technology News From SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CHIP TECH
Magnetic Compass Orientation in Birds Builds Case for Bio-Inspired Sensors
Washington DC (SPX) May 16, 2014
Researchers working on DARPA's Quantum Effects in Biological Environments (QuBE) program have shown that the electromagnetic noise that permeates modern urban environments can disrupt a bird's internal magnetic compass. The findings settle a decades-long debate into whether low-level, artificial electric and magnetic fields can affect biological processes in higher vertebrates. For DARPA, the re ... read more


CHIP TECH
Is there really cash in your company's trash?

Computer simulations enable better calculation of interfacial tension

Professors' super waterproof surfaces cause water to bounce like a ball

New Technique Safely Penetrates Top Coat for Perfect Paint Job

CHIP TECH
The U.S. Navy has contracted Harris Corporation for next-gen radios

Communications upgrade for B-52 bombers

Harris to provide IT service and support for homeland security

Malaysia, Inmarsat to release satellite data on MH370

CHIP TECH
SpaceX-3 Mission To Return Dragon's Share of Space Station Science

SpaceX supply capsule heads back to Earth

SpaceX's Dragon spacecraft returns to Earth from space station

Replacing Russian-made rocket engines is not easy

CHIP TECH
Sixth Boeing GPS IIF Spacecraft Reaches Orbit, Sends First Signals

British MoD works on 'quantum compass' technology to replace GPS

Iran to Host Russian Satellite Navigation Facility

Moscow to suspend American GPS sites on Russian territory from June

CHIP TECH
Infor, BAE Systems strike deal on software

Thales to produce A400M flight simulator for Britain

Real-time flight tracking possible, not expensive: Airbus official

NASA Partners with Rolls-Royce on Braze Joint Technology Testing

CHIP TECH
Merger planned of electronic component providers

New analysis eliminates a potential speed bump in quantum computing

Magnetic Compass Orientation in Birds Builds Case for Bio-Inspired Sensors

A Lab in Your Pocket

CHIP TECH
New Japan satellite to survey disasters, rain forests

Earth Science Applications Travelogue: Maury Estes

GOES-R Propulsion and System Modules Delivered

Experts demonstrate versatility of Sentinel-1

CHIP TECH
Sweden to sue EU for delay on hormone disrupting chemicals

Dangerous nitrogen pollution could be halved

Study lists dangerous chemicals linked to breast cancer

Study strengthens link between neonicotinoids and collapse of honey bee colonies




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.