Author: Jane Edwards|| Date Published: November 22, 2017
The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics.
Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust approval under the Hart-Scott-RodinoAct.
The completion of the transaction review came four months after Ultra agreed to buy Sparton through a stock transaction valued at $23.50 per share.
Sparton said it expects the sale to conclude by January.
Ultra maintains a portfolio of technology offerings across underwater warfare, maritime, land, aviation, communications, nuclear, infrastructure and command and control, intelligence, surveillance and reconnaissance market segments.
Computacenter has acquired federal IT services provider GAI GAI will operate as a federal government-focused business unit within Computacenter’s North…
The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics.
