# Cerberus completes acquisition of Sparton Corporation

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.

- Type: Acquisition
- Announced: 2019-03-04
- Where: Schaumburg, Illinois, United States
- Status: completed
- Products: electromechanical devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Cerberus Capital Management](https://endata.com/companies/4142.md) (acquirer)
- [Sparton Corporation](https://endata.com/companies/19352.md) (target)
- [Cerberus Capital Management, L.P.](https://endata.com/companies/37755.md) (acquirer)

## Sources

- [cerberus.com](https://www.cerberus.com/media/cerberus-completes-acquisition-of-sparton-corporation/), 2019-03-04: "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."
- [intelligencecommunitynews.com](https://intelligencecommunitynews.com/cerberus-completes-acquisition-of-sparton-corporation/), 2019-03-06: "This transaction represents an important milestone for our company."

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