latest news releases from the newsroom
Radyne to Acquire AeroAstro
PHOENIX, July 5, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that it had signed a definitive merger agreement to acquire AeroAstro, Inc., for approximately $17.25 million in cash and $750,000 in stock. In addition, Radyne will assume, and pay off, approximately $500,000 in AeroAstro debt. The transaction has been approved by the boards of both companies and is expected to close within the next 30 days subject to customary closing conditions.
NVE Announces Dismissal of Shareholder Class Action
EDEN PRAIRIE, Minn., July 5, 2007 (PRIME NEWSWIRE) -- NVE Corporation (Nasdaq:NVEC) today announced that the United States District Court for the District of Minnesota has dismissed with prejudice the consolidated shareholder class action lawsuit filed in 2006 against NVE and certain of its current and former executive officers and directors.
Kratos Defense & Security Solutions, Inc.
WFI Sells $21.6 Million Note Receivable
SAN DIEGO, July 5, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII) today announced that it has sold a $21.6 million note receivable (the "Note") in a transaction arranged by KeyBanc Capital Markets ("KeyBanc"). WFI will receive approximately $19.6 million in net cash proceeds, reflecting a discount from par value of less than five percent and aggregate transaction fees of approximately $1 million, which includes a $750,000 fee to KeyBanc, an affiliate of the Company's lender. The Note is being acquired by a fund affiliated with Silver Point Capital, L.P. The Note was originally received from LCC International as part of WFI's recent divestiture of its U.S. Wireless Engineering business. WFI is not providing any guaranty for LCC's payment obligations. Certain post closing adjustments that, under the terms of the sale of the U.S. Wireless Engineering business were expected to be made to the principal amount of the Note, may instead be made by payments between WFI and LCC International, as applicable.