PLAINVIEW, N.Y., 11 Sept. 2014. Aeroflex Holding Corp. (NYSE:ARX), a global provider of microelectronic components and test & measurement equipment, is on track to merge with Cobham plc (LSE:COB.LN), a U.K.-listed company that designs and manufactures a wide range of equipment, specialized systems, and components for the aerospace, defense, energy, and electronics industries.
As a result of the merger contemplated by the merger agreement, the company will become a wholly-owned subsidiary of Cobham.
Aeroflex stockholders voted to approve the proposal to adopt the merger agreement. According to the final tally of shares of Common Stock voted, approximately 87 percent of the outstanding shares of Common Stock of the Company as of the close of business on 7 August 2014 voted to approve the proposal to adopt the merger agreement.
Aeroflex officials expect the merger to close on or about 12 September 2014, subject to the satisfaction or waiver of certain conditions set forth in the merger agreement and discussed in detail in the Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission by the Company on 8 August 2014.
Aeroflex Holding Corp. is a global provider of high-performance microelectronic components, and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical, and other markets.
Cobham protects lives and livelihoods with its differentiated technology and know-how, operating with a deep insight into customer needs and agility. The Group offers an innovative range of technologies and services to solve challenging problems in harsh environments across commercial, defense and security markets, from deep space to the depths of the ocean, specializing in meeting the growing demand for data, connectivity and bandwidth.
Employing more than 10,000 people on five continents, the Group has customers and partners in over 100 countries, with market leading positions in: audio, video and data communications, including satellite communications; defense electronics; air-to-air refueling; aviation services; life support and mission equipment.