TUCKER, Ga., Sept. 3, 2013 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE) (the "Company") today announced the successful completion of the sale of the assets and specified liabilities of the Company's Aydin Displays Inc subsidiary. The subsidiary was sold to an acquisition affiliate of Sparton Corp. (NYSE:SPA), for a combination of cash, a 12 month hold-back of 8% of the upfront purchase price and an additional potential earn-out in excess of $6.0 million based upon the potential achievement of projected levels of EBITDA being generated by Aydin Displays during the 12 month period subsequent to August 30, 2013 closing date.
Video Display Corp Successfully Completes Sale Of Aydin Displays
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