Cerberus Capital Management to acquire Sparton Corporation

Sparton Corporation announced it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management for $18.50 per share in cash, representing a premium of approximately 41%.

“Sparton Corporation today announced that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management”cerberus.com

• 2 sources
• cerberus.comSparton Corporation to be Acquired by Cerberus - Cerberus Capital ManagementDec 12, 2018
• govconwire.comCerberus to Acquire Sparton; Tarek Ajouz Quoted - GovCon WireJane EdwardsDec 13, 2018

Summarized from public sources; check the original articles before acting on it.