×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Bloomberg, Activist Firm Jana Pushes for Sale of Mercury Systems (MRCY)

  • December 26, 2021

POTENTIAL DEAL DETAILS

StockMercury Systems, Inc.SymbolMRCY
Date Announced12/23/2021Source Bloomberg
TypeNews Report

Activist investor Jana Partners has built a position in Mercury Systems Inc. (MRCY) and plans to push for a strategic review of the U.S. defense electronics manufacturer, including exploring a potential sale, according to people familiar with the matter.

Update(s):

March 2, 2022: Activist investor Elliott Investment Management has built a sizable position in Mercury Systems Inc. (MRCY) and has made an offer to acquire the defense electronics manufacturer, according to people familiar with the matter.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.