Henry Bros. Agrees to Sell for Approximately $45 Million to Kratos, Subject to Approvals
Henry Bros. Electronics Inc. (HBE), Fair Lawn, N.J., a
turnkey provider of technology-based integrated electronic security solutions
and ranked as the 18th largest U.S. security integrator on SDM’s Top
Systems Integrators Report, has entered into a definitive agreement with Kratos
Defense & Security Solutions, San Diego, Calif., under which Kratos will
acquire all outstanding shares of HBE common stock for a purchase price of
approximately $45 million in cash, or $7 per HBE share of
common stock.