NEWS
Mobix Labs Submits All Cash Offer to Acquire EMCORE Corporation
Mobix Labs (Nasdaq: MOBX) has submitted a non-binding proposal to acquire EMCORE (Nasdaq: EMKR) for $3.80 per share in cash. This offer represents a 200% premium over EMCORE's stock price as of September 27, 2024. EMCORE, the world's largest independent provider of inertial navigation solutions for aerospace and defense, reported 115% revenue growthto $97 million in fiscal year 2023.
Mobix Labs CEO Fabian Battaglia stated that this acquisition would provide significant value for EMCORE shareholders and accelerate Mobix's growth in critical markets. The proposal has the support of Mobix Labs' Board of Directors, which includes industry veterans James Peterson and David Aldrich. The transaction is subject to EMCORE Board approval, a definitive agreement, and any required shareholder approval.
Mobix Labs (Nasdaq: MOBX) has submitted a non-binding proposal to acquire EMCORE (Nasdaq: EMKR) for $3.80 per share in cash. This offer represents a 200% premium over EMCORE's stock price as of September 27, 2024. EMCORE, the world's largest independent provider of inertial navigation solutions for aerospace and defense, reported 115% revenue growthto $97 million in fiscal year 2023.
Mobix Labs CEO Fabian Battaglia stated that this acquisition would provide significant value for EMCORE shareholders and accelerate Mobix's growth in critical markets. The proposal has the support of Mobix Labs' Board of Directors, which includes industry veterans James Peterson and David Aldrich. The transaction is subject to EMCORE Board approval, a definitive agreement, and any required shareholder approval.
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101539447 : so it will reach 3.80??
Terrygoh1987 : 3.8![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")