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

  • February 1, 2023

POTENTIAL DEAL DETAILS

StockMercury Systems, Inc.SymbolMRCY
Date Announced01/31/2023Source Reuters
TypeNews Report

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

 

 

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