Emcore, Velocity One enter merger agreement for $3.10 per share in cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Should l Buy ?
Merger Agreement: Velocity One has reached a merger agreement with EMCORE Corporation, which will become a wholly owned subsidiary of Velocity One at a purchase price of $3.10 per share in cash, approved by EMCORE's board of directors.
Expansion of Operations: With this merger, Velocity One will expand its operations to include three industry leaders: EMCORE, Cartridge Actuated Devices, and Aerosphere Power, enhancing its capabilities in energetic devices and power system solutions for various applications.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
