Article: United States: Anaren announces execution of agreement and plan of merger to acquire Unicircuit, Inc.

Byline: pinto03

Anaren, Inc. today announced that it has signed an Agreement and Plan of Merger to acquire Unicircuit, Inc. ("Unicircuit"), a Littleton, Colorado based manufacturer of printed circuit boards used in various military and aerospace applications. Unicircuit had net sales of approximately $18.7 million in 2007. Pursuant to the Merger Agreement, Anaren will pay approximately $22.5 million, subject to adjustments in connection with escrow arrangements, certain stockholders' transaction expenses and potential net book value adjustment. Subject to approval by the stockholders of Unicircuit and certain additional closing conditions, the Company anticipates ...

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