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Cerberus Capital Management, through an affiliate, completed its acquisition of Sparton Corporation for $18.50 per share in cash. Sparton will operate as a privately held company and its shares will be delisted from the NYSE.
“Cerberus is an exceptional financial and operating partner that will help drive Sparton’s long-term growth and continue our track record of delivering industry-leading solutions to our customers around the world.”cerberus.com
Summarized from public sources; check the original articles before acting on it.