SYRACUSE, N.Y., Feb. 14, 2011 (GLOBE NEWSWIRE) -- Anaren, Inc. (Nasdaq:ANEN) and AML Communications, Inc. (OTCBB:AMLJ) today jointly announced the signing of a definitive merger agreement whereby Anaren, through a subsidiary, has agreed to acquire all of AML's outstanding shares of common stock for $2.15 per share in an all-cash transaction, representing an equity value of approximately $29.3 million and an enterprise value of approximately $22.6 million. AML is based in California and is a leading provider of microwave amplifiers and integrated assemblies for defense electronics applications. Upon completion of the acquisition, AML will become a wholly owned subsidiary of Anaren and will be reported within Anaren's Space & Defense Group. C. K. Cooper & Company served as financial advisor to AML Communications, Inc. on this transaction.
Anaren To Acquire AML Communications, Inc.
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