Aeroflex shareholders to vote on proposed acquisition by Veritas Capital

By Lisa Kerner

Charlotte, N.C., June 22 - Aeroflex Inc. will hold a special meeting of stockholders at 10 a.m. ET on July 26 to approve the acquisition of the company by Veritas Capital for $14.50 per share in cash in a transaction valued at about $1.1 billion.

The company's board determined on May 22 that Veritas' revised $14.50-per-share offer constituted a superior proposal to Aeroflex's merger agreement with General Atlantic and Francisco Partners. Veritas originally offered $14.00 per share

Aeroflex is a Plainview, N.Y., provider of high technology services to the aerospace, defense, cellular and broadband communications markets.

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