# 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%.

- Type: Acquisition
- Announced: 2018-12-12
- Where: Schaumburg, Illinois, United States
- Status: announced
- Products: electromechanical devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cerberus Capital Management](https://endata.com/companies/4142.md) (acquirer)
- [Sparton Corporation](https://endata.com/companies/19352.md) (target)

## Sources

- [cerberus.com](https://www.cerberus.com/media/sparton-corporation-to-be-acquired-by-cerberus/), 2018-12-12: "Sparton Corporation today announced that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management"
- [govconwire.com](https://www.govconwire.com/articles/cerberus-to-acquire-sparton-tarek-ajouz-quoted), 2018-12-13: "Sparton’s experience as a producer of electromechanical devices for government agencies and companies worldwide as well as its customer relationships offer an opportunity to expand its market footprint."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.