Kratos is now expected to launch a cash tender offer for Herley common stock no later than Feb. 25. Assuming a majority of Herley's outstanding common stock is tendered to the offer, as well as satisfaction of other customary closing conditions, Kratos would then purchase any remaining Herley shares in a second-step merger. Based in Lancaster, Pa., Herley develops microwave technology products, including telemetry systems and flight termination receivers, for defense, aerospace and medical applications. On Dec. 9, the company reported sales of $48.9 million for its fiscal first quarter ended Oct. 31. Earlier on Monday, AOL ( AOL) snapped up Huffington Post for $315 million, Danaher ( DHR) reached terms to buy Beckman Coulter ( BEC) for $6.8 billion, and Enesco hammered out a $7.3 billion cash-and-stock deal for Pride International ( PDE).