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JF Lehman Affiliate Completes Acquisition of API Technologies Under Estimated $111M Deal

An affiliate of New York-based J.F. Lehman & Co. has closed its acquisition of API Technologies (Nasdaq: ATNY) for approximately $111 million. Trading of API’s common stock on Nasdaq ceased Friday afternoon upon completion of the purchase and API shareholders will get a cash payment of $2 per share of common …

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API Technologies Sells Data Bus Product Line for $33M; Bel Lazar Comments

API Technologies Corp. has sold its data bus product line to Data Device Corp. for $32.5 million in cash. The products comprise the National Hybrid brands and the MIL- STD-1553 and MIL-STD-1760 products from the U.K., API said Monday. Bel Lazar, president and CEO of API Technologies, said the company …

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API Technologies Completes Acquisition of Spectrum Control

API Technologies Corp. has successfully completed its acquisition of Spectrum Control, Inc. through a merger of a wholly owned subsidiary with and into Spectrum. API provides electronic systems, subsystems, RF and secure communications products and services for defense, aerospace and commercial applications. Spectrum’s outstanding shares were converted into the right …

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