M&A
confidence high
sentiment positive
materiality 0.70
Mobix Labs submits $3.80/share all-cash bid to acquire EMCORE Corp
MOBIX LABS, INC
- Mobix proposed to acquire all outstanding EMCORE shares for $3.80 per share cash, a >200% premium to Sep 27 close.
- EMCORE revenue grew 115% to $97M in FY ending Sep 30, 2023; supplies inertial navigation for aerospace/defense.
- Mobix CEO cites strategic fit; proposal supported by Mobix Board, subject to Emcore Board and definitive agreement.
- Mobix has completed prior acquisitions of EMI Solutions and RaGE Systems in the defense sector.