Acquisition of Aeroflex Incorporated Completed
August 15 2007 - 3:25PM
Business Wire
Aeroflex Incorporated (formerly Nasdaq Symbol: ARXX) announced
today that it has completed the previously announced acquisition of
Aeroflex by affiliates of or funds managed by The Veritas Capital
Fund III, L.P., Golden Gate Private Equity, Inc. and Goldman, Sachs
& Co. The merger was approved by Aeroflex's shareholders at a
meeting on July 26. Aeroflex shareholders will receive $14.50 in
exchange for the shares of Aeroflex common stock and will receive
written instructions from the paying agent with respect to the
proper method of exchanging stock certificates for the merger
consideration. Pending receipt of such instructions, shareholders
should not forward stock certificates to the Company. About
Aeroflex Aeroflex Incorporated is a global provider of high
technology solutions to the aerospace, defense and broadband
communications markets. The Company�s diverse technologies allow it
to design, develop, manufacture and market a broad range of test,
measurement and microelectronic products. Additional information
concerning Aeroflex Incorporated can be found on the Company�s
website: www.aeroflex.com. Forward-Looking Statements This press
release contains forward-looking statements. All statements other
than statements of historical fact included in this press release
regarding Aeroflex�s business strategy and plans and objectives of
its management for future operations are forward-looking
statements. When used in this press release, words such as
�anticipate,� �believe,� �estimate,� �expect,� �intend� and similar
expressions, as they relate to Aeroflex or its management, identify
forward-looking statements. Such forward-looking statements are
based on the current beliefs of Aeroflex�s management, as well as
assumptions made by and information currently available to its
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors, including but not limited to, competitive factors
and pricing pressures, changes in legal and regulatory
requirements, technological change or difficulties, product
development risks, commercialization difficulties and general
economic conditions. Such statements reflect our current views with
respect to the future and are subject to these and other risks,
uncertainties and assumptions. Aeroflex does not undertake any
obligation to update such forward-looking statements.
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