Holzer Holzer & Fistel, LLC is investigating potential violations of the federal securities laws by Aeroflex Holding Corp. (“Aeroflex” or the “Company”) (NYSE: ARX). The investigation focuses on whether a series of statements made in connection with the Company’s November 18, 2010 initial public offering (“IPO”) regarding Aeroflex’s business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation seeks to determine whether Aeroflex’s Registration Statement, which was issued in connection with the Company’s IPO, failed to disclose problems the Company was experiencing with its Ground Radio Maintenance Automatic Test System (“GRMATS”). Aeroflex recently announced that delays in submitting the product to the U.S. government for approval resulted in the Company not receiving anticipated payments for the GRMATS. If you purchased Aeroflex common stock pursuant to or traceable to Aeroflex’s IPO and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at firstname.lastname@example.org, or email@example.com, or via toll-free telephone at (888) 508-6832. Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
Aeroflex (ARX) surged more than 25% to a one-year high of $10.47 on Tuesday after British aerospace and defense supplier Cobham announced it would purchase the U.S. communications equipment manufacturer for $920 million.
Acquisitive U.K. aerospace company Cobham on Tuesday agreed to buy Plainview, N.Y-based Aeroflex Holding for $1.5 billion in cash and debt to further expand its communications business and offer new markets for the target's products.
Shares of Aeroflex Holding (ARX) are up over 24% in pre-market trade after it was announced that the wireless communications firm entered into a merger agreement with U.K.-listed Cobham in a deal valued at $920 million.