Aeroflex shareholders OK deal with Veritas affiliates

By Lisa Kerner

Charlotte, N.C., July 26 - Aeroflex Inc. said some 98% of its stockholders present and voting approved the company's acquisition by affiliates of Veritas Capital Fund III, LP, Golden Gate Private Equity, Inc. and Goldman, Sachs & Co.

The number of shares voting to adopt the merger agreement represented approximately 69% of the total number of shares outstanding and entitled to vote, a company news release stated.

Aeroflex expects to receive remaining regulatory approvals by the end of July, and the transaction will close when financing arrangements are completed.

On May 25, Aeroflex agreed to be acquired by Veritas for $14.50 per share in cash in a transaction valued at about $1.1 billion.

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

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