Business News • MarketWire • Imperial Capital, LLC Advises Henry Bros. Electronics, Inc. on Its Agreement to Be Acquired by Kratos Defense & Security Solutions |
Imperial Capital, LLC Advises Henry Bros. Electronics, Inc. on Its Agreement to Be Acquired by Kratos Defense & Security Solutions |
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Imperial Capital, LLC Advises Henry Bros. Electronics, Inc. on Its Agreement to Be Acquired by Kratos Defense & Security Solutions
LOS ANGELES, CA--(Marketwire - October 11, 2010) - Imperial Capital announced today that it has acted as Henry Bros. Electronics, Inc.'s (NASDAQ: HBE) financial advisor and rendered a fairness opinion to the HBE Board of Directors in connection with the approval of the transaction by the board. Henry Bros. has entered into a definitive agreement with Kratos Defense & Security Solutions (NASDAQ: KTOS) to acquire all outstanding shares of HBE common stock for a purchase price of approximately $45 million in cash, or $7.00 per HBE share of common stock. "This transaction combines two leaders in the defense and security solutions market, creating a great opportunity for our organization, customers and shareholders," stated Jim Henry, President and CEO of HBE. "As a much larger organization, the co
View More : http://www.marketwire.com/mw/release.do?id=1332568&sourceType=3
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