DALLAS, May 17, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating officers and directors of Aeroflex Holding Corp. (NYSE: ARX) for violating shareholder protection laws in connection with a non-cash goodwill and intangibles charge of $59.7 million and a net loss of $65.3 million. Concerned ARX investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies. "For the third quarter of fiscal 2012, Aeroflex has an operating loss of $61.1 million, which includes a multimillion dollar non-cash and intangibles impairment charge in its RFMW group," said Hamilton Lindley. "The loss has resulted in a $0.77 per share decline in stock value, and our proposed shareholder lawsuit seeks to ensure the proper controls are placed and that accurate information is disclosed to investors of the company." Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Aeroflex stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855 with questions or concerns. Hamilton Lindley Goldfarb LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number www.goldfarbllp.com SOURCE Goldfarb LLP
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.