Each outstanding share of Integral common stock has converted into the right to receive $5 cash and 0.588 shares of Kratos common stock. Intergral shares will no longer trade on the NASDAQ stock exchange.
“Integral Systems and importantly its most valuable asset, its people, are extremely similar to Kratos, our culture and our personnel including being entrepreneurial, extremely dedicated and technical in nature, and we are very excited about the merger of these two outstanding organizations, ” said Eric DeMarco, president and CEO of Kratos.
“In addition to the combined company bringing additional and more robust capabilities and product offerings to our customers, where the combined business will have the opportunity for enhanced organic growth, there will also be additional personal and professional opportunities for our combined company’s workforce as we move forward.”
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