Velocity One Signs Merger Agreement with EMCORE (EMKR)
EMCORE Corporation (EMKR)
Last emcore corporation earnings: 2/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.emcore.com/investor-relations
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Source: GlobeNewswire
FAIRFIELD, New Jersey, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Velocity One, a newly formed aerospace manufacturing holding company, announced today it has signed a merger agreement with EMCORE Corporation (Nasdaq: EMKR) (“EMCORE”), a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One. The purchase price of $3.10 per share in cash, backed by Charlesbank Capital Partners (“Charlesbank”), a private investment firm with more than $22 billion of total assets*, has been unanimously approved by the EMCORE board of directors. Velocity One will now have three industry leaders operating under its wing. In addition to EMCORE, it will comprise Cartridge Actuated Devices, Inc. (“CAD”), a 50-year veteran designer and manufacturer of energetic devices, and Aerosphere Power, a manufacturer of power system solutions for commercial and military aerospace, military ground vehicles, and UAV appli
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EMKR
News
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EMKR Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Emcore Corporation is Fair to ShareholdersAccesswire
- $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of EMCORE Corporation - EMKRAccesswire
- EMCORE Co. (NASDAQ: EMKR) was downgraded by analysts at Craig Hallum from a "strong-buy" rating to a "hold" rating.MarketBeat
- EMCORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of EMCORE Corporation - EMKRBusiness Wire
EMKR
Earnings
- 8/6/24 - Miss
EMKR
Sec Filings
- 11/18/24 - Form SC
- 11/14/24 - Form SC
- 11/8/24 - Form DEFA14A
- EMKR's page on the SEC website