Mercury Systems, Inc. (MRCY) has inked a deal to acquire Florida-based Avalex Technologies Corporation, a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders and warning systems. Following the news, shares of the company jumped 2.7% to close at $48.14 on Monday. Mercury Systems provides secure mission-critical technologies across the aerospace and defense industries. Mercury’s shares have lost 38.8% over the past year. (See Mercury Systems stock charts on TipRanks) As per the terms of the deal, the purchase consideration will be funded with cash in hand and MRCY’s existing revolving credit line. The financial terms of the deal have not been disclosed so far.
https://www.tipranks.com/news/mercury-systems-to-buy-avalex-technologies-shares-jump?utm_source=advfn.com&utm_medium=referral
Mercury Systems (NASDAQ:MRCY)
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