Aeroflex Holding Corp. (NYSE: ARX), a leading global provider of high performance microelectronic components, and test and measurement equipment, plans to participate in the following financial conferences: 15 th Annual Needham Growth ConferenceDate: Tuesday, January 15, 2013Presentation Time: 8:40 a.m. ETLocation: New York, NY Goldman Sachs Technology and Internet ConferenceDate: Tuesday, February 12, 2013Location: San Francisco, CA All presentations will be webcast and will be available on the investor relations portion of Aeroflex’s website located at www.aeroflex.com. About Aeroflex Aeroflex Incorporated is a leading global provider of high performance microelectronic components and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and other markets.
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.