Kratos Defense & Security Solutions, Inc. Commences Cash Tender Offer for Herley Industries, Inc. at $19.00 Per Share
The tender offer is being made pursuant to a previously announced merger agreement dated
The tender offer is subject to certain conditions set forth in the Offer to Purchase referenced below, including the tender of a majority of the outstanding shares of Herley common stock on a fully diluted basis and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The tender offer is not conditioned on the receipt of financing.
Unless the tender offer is extended, the tender offer and any withdrawal rights to which Herley's stockholders may be entitled will expire at 12:00 midnight,
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Additional Information and Where to Find It
This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. Stockholders of Herley are urged to read the relevant tender offer documents because they will contain important information that stockholders should consider before making any decision regarding tendering their shares. Kratos and its acquisition subsidiary have filed a tender offer statement on Schedule TO with the
CONTACT: Press Contact:Source:Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687 investor@kratosdefense.com
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