From Earlier: Mercury Computer Systems to Acquire Micronetics for $14.80 per Sahre

Mercury Computer Systems, Inc.

yesterday announced that it has signed a definitive agreement to acquire Micronetics, Inc.

. Pursuant to the terms of the agreement, Mercury will acquire Micronetics via merger for $14.80 per share. This represents a fully diluted equity value of approximately $71.7 million and an enterprise value of approximately $75.4 million, including $3.7 million of net debt as of March 31, 2012. The acquisition will be funded with available cash and is expected to be immediately accretive to EBITDA. Subject to finalization of purchase accounting, the transaction is also anticipated to be accretive on a GAAP basis within 12 months of the closing date.