Reuters logo
BRIEF-Ultra Electronics confirms discussions to buy Sparton Corp
2017年6月26日 / 早上6点27分 / 5 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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below