Acquisition of Aeroflex Incorporated Completed
Plainview, N.Y., August 15, 2007 – Aeroflex Incorporated (formerly Nasdaq Symbol: ARXX) announced today that it has completed the previously announced acquisition of Aeroflex by affiliates of or funds managed by The Veritas Capital Fund III, L.P., Golden Gate Private Equity, Inc. and Goldman, Sachs & Co. The merger was approved by Aeroflex’s shareholders at a meeting on July 26. Aeroflex shareholders will receive $14.50 in exchange for the shares of Aeroflex common stock and will receive written instructions from the paying agent with respect to the proper method of exchanging stock certificates for the merger consideration. Pending receipt of such instructions, shareholders should not forward stock certificates to the Company.
Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company’s diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. Additional information concerning Aeroflex Incorporated can be found on the Company’s website: www.aeroflex.com.