Mercury Systems Inc (NASDAQ:MRCY) Investor Alert: Investigation over potential Takeover
Filed Under: Business, Financial Markets | Posted: 04/16/2014 at 10:02AM
Comments | Region: California | United States
The Shareholders Foundation announces that an investigation on behalf of investors in Mercury Systems Inc (NASDAQ:MRCY) shares was launched concerning whether a potential takeover of Mercury Systems Inc would be unfair to investors in NASDAQ:MRCY shares.
Investors who purchased shares of the Mercury Systems Inc (NASDAQ:MRCY) and currently hold any of those NASDAQ:MRCY shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:MRCY investors.
It has been reported that Mercury Systems Inc is discussing a proposed acquisition of the Company and it has been speculated that shareholders may receive only $15.00 per share.
However, given that at least one analyst has set the high target price for NASDAQ:MRCY shares at $18 per share, , the investigation a law firm concerns whether the Mercury Systems Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders’ best interests in connection with the proposed sale.
Mercury Systems Inc reported that its Total Revenue declined from $244.93 million for the 12 months period that ended on June 30, 2012 to $208.79 million for the 12 months period that ended on June 30, 2013 and that its Net Income of $22.63 million for the 12 months period that ended on June 30, 2012 decreased to a Net loss of $13.21 million for the 12 months period that ended on June 30, 2013.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded in 2011 as high as $21.58 per share and in 2012 as high as $14.95 per share.
On April 15, 2014, Mercury Systems Inc (NASDAQ:MRCY) shares closed at $13.393 per share.
Those who are current investors in Mercury Systems Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego