Kratos to Sell U.S. and U.K. Operations of Electronic Products Division for $265 Million
Under the terms of the Agreement,
Kratos' Microwave and Electronic Products business post Transaction close will include operations and manufacturing facilities in
Following the closing of the Transaction,
This press release does not constitute a solicitation or an offer to repurchase the Company's Notes, nor shall there be a solicitation or offer in any state or jurisdiction in which such solicitation would be unlawful prior to qualification under the Securities laws of such state or jurisdiction. In addition, the repurchase will be made only to such persons and in such jurisdictions as is permitted under applicable law.
Management will conduct a conference call
About
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, include, but are not limited to, statements regarding the
Company's ability to complete the Transaction on a timely basis, or at all; the Company's use of its tax NOL carryforwards, the estimated net cash proceeds from the Transaction and the remaining tax NOL carryforwards that may be utilized by the Company after the Transaction; the Company's planned use of the proceeds from the Transaction, including the timing and proposed amounts of the Company's repurchase of its Notes; and the Company's business plans and prospects. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of
Press Contact:Source:Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687 investor@kratosdefense.com
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