Mercury Systems Inc

-0.65 (-0.98%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Mercury Systems Acquires Pentek

Published: 05/27/2021 13:14 GMT
Mercury Systems Inc (MRCY) - Mercury Systems Acquires Pentek.
Mercury Systems Inc - Acquired Pentek for an All-cash Purchase Price of $65.0 Million.
Mercury Systems Inc - a Portion of Acquisition is Expected to Be Treated As an Asset Sale for Tax Purposes.
Mercury Systems - Deal & Associated Transaction Expenses Were Funded Through Combination of Cash on Hand & Co's Existing Revolving Credit Facility.
Mercury Systems - for Co's Fiscal Year Ending July 1, 2022, Pentek Expected to Generate Revenue of About $20 Million With Profit Margins in Line With Co's.
Mercury Systems Inc - Acquisition is Expected to Be Immediately Accretive to Adjusted Eps.