InsideArbitrage Potential Deal Alert: Defense tech firm Mercury Systems initiates strategic review

POTENTIAL DEAL DETAILS

According to Reuters, Mercury Systems (MRCY) announced the exit of finance chief Michael Ruppert and said the defense technology firm had initiated a review of strategic alternatives.

Previously on December 23, 2021, Jana Partners pushed Mercury Systems (MRCY) for a strategic review. Also on March 2, 2022, Activist investor Elliott Investment Management built a sizable position in Mercury Systems  (MRCY) and made an offer to acquire the company.

Update(s):

February 01, 2023: Advent International-backed UK defense firm Cobham said it’s weighing an acquisition of Mercury Systems a US peer that this week announced it’s exploring strategic alternatives.

June 23, 2023: Mercury Systems (MRCY) announced the conclusion of its strategic review and named Bill Ballhaus as interim president and CEO following the resignation of Mark Aslett. 

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.