CALGARY, March 2, 2012 /PRNewswire/ - Notification of live webcast event: ARC RESOURCES LTD. (TSX: ARX) Live webcast presentation Thursday, March 8, 3:45 PM ET To listen and view this online event, please visit: http://jetslides.tv/lobby/680 The presentation will be available in an archived version at this link for 60 days following the live presentation. SOURCE ARC Resources Ltd.
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.