Micom Systems Inc, Simi Valley, California has agreed to be acquired by MS1 Acquisition Corp, a company formed by Odyssey Partners, for $16 a share cash, or just over $300m. Manufacturers Hanover Trust Co is bankrolling the takeover with $220m in senior debt finance, and $125m of junk bonds are promised by Drexels; a break-up […]
Micom Systems Inc, Simi Valley, California has agreed to be acquired by MS1 Acquisition Corp, a company formed by Odyssey Partners, for $16 a share cash, or just over $300m. Manufacturers Hanover Trust Co is bankrolling the takeover with $220m in senior debt finance, and $125m of junk bonds are promised by Drexels; a break-up of Micom is likely.
