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BRIEF-Ultra Electronics confirms discussions to buy Sparton Corp
2017年6月26日 / 早上6点27分 / 3 个月前

BRIEF-Ultra Electronics confirms discussions to buy Sparton Corp

June 26 (Reuters) - Ultra Electronics Holdings Plc:

* Response to recent press speculation

* Confirm in advanced discussions to buy whole of issued share capital of New York Stock Exchange listed Sparton Corporation

* Should ultra acquire Sparton, intends to sell Sparton’s other business, manufacturing & design services division

* Deal, if agreed, is expected to be funded by co’s debt facilities, equity placing of shares representing up to 9.99 percent

* Deal, if completed, not expected to alter co’s objective of returning to through-cycle target of 85 pct cash conversion in medium term Source text for Eikon: Further company coverage:

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