Emcore Set to Rise After Manufacturing Firm Agrees to Buy It for $3.10 a Share

Dow Jones

08 Nov 2024

By Rob Curran

Shares of military contractor Emcore were set to rise after aerospace manufacturing company Velocity One agreed to buy it for $3.10 a share in cash, a 31% premium to Thursday's closing price.

Velocity One's agreement to buy the New Jersey-based provider of military-grade navigation equipment was backed by investment firm Charlesbank Capital Partners.

Velocity One will add Emcore to two other manufacturing firms the holding company owns: Cartridge Actuated Devices, which makes energetic devices; and Aerosphere Power, a maker of power systems for commercial and military applications.

Shares of Emcore closed Thursday at $2.37. Shares were halted premarket.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 08, 2024 07:26 ET (12:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481581171"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481581171\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481581171?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 20:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481581171","market":"sg","top_or_hot":-1,"title":"Emcore Set to Rise After Manufacturing Firm Agrees to Buy It for $3.10 a Share","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of military contractor Emcore were set to rise after aerospace manufacturing company Velocity One agreed to buy it for $3.10 a share in cash, a 31% premium to Thursday's closing price. \n</p>\n<p>\n  Velocity One's agreement to buy the New Jersey-based provider of military-grade navigation equipment was backed by investment firm Charlesbank Capital Partners. \n</p>\n<p>\n  Velocity One will add Emcore to two other manufacturing firms the holding company owns: Cartridge Actuated Devices, which makes energetic devices; and Aerosphere Power, a maker of power systems for commercial and military applications. \n</p>\n<p>\n  Shares of Emcore closed Thursday at $2.37. Shares were halted premarket. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 08, 2024 07:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Emcore Set to Rise After Manufacturing Firm Agrees to Buy It for $3.10 a Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEmcore Set to Rise After Manufacturing Firm Agrees to Buy It for $3.10 a Share\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-08 20:26</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of military contractor Emcore were set to rise after aerospace manufacturing company Velocity One agreed to buy it for $3.10 a share in cash, a 31% premium to Thursday's closing price. \n</p>\n<p>\n  Velocity One's agreement to buy the New Jersey-based provider of military-grade navigation equipment was backed by investment firm Charlesbank Capital Partners. \n</p>\n<p>\n  Velocity One will add Emcore to two other manufacturing firms the holding company owns: Cartridge Actuated Devices, which makes energetic devices; and Aerosphere Power, a maker of power systems for commercial and military applications. \n</p>\n<p>\n  Shares of Emcore closed Thursday at $2.37. Shares were halted premarket. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 08, 2024 07:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EMKR","symbol_name":"埃姆科","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481581171","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481581171","pubTimestamp":1731068760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of military contractor Emcore were set to rise after aerospace manufacturing company Velocity One agreed to buy it for $3.10 a share in cash, a 31% premium to Thursday's closing price.Velocity One's agreement to buy the New Jersey-based provider of military-grade navigation equipment was backed by investment firm Charlesbank Capital Partners.Velocity One will add Emcore to two other manufacturing firms the holding company owns: Cartridge Actuated Devices, which makes energetic devices; and Aerosphere Power, a maker of power systems for commercial and military applications.Shares of Emcore closed Thursday at $2.37. Shares were halted premarket.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EMKR":"埃姆科","BK4519":"光伏太阳能","BK4020":"通信设备"},"translate_title":"制造公司同意以每股3.10美元收购Emcore后，Emcore股价将上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EMKR":0.9},"content_text":"By Rob Curran \n\n\n \n\n\n  Shares of military contractor Emcore were set to rise after aerospace manufacturing company Velocity One agreed to buy it for $3.10 a share in cash, a 31% premium to Thursday's closing price. \n\n\n  Velocity One's agreement to buy the New Jersey-based provider of military-grade navigation equipment was backed by investment firm Charlesbank Capital Partners. \n\n\n  Velocity One will add Emcore to two other manufacturing firms the holding company owns: Cartridge Actuated Devices, which makes energetic devices; and Aerosphere Power, a maker of power systems for commercial and military applications. \n\n\n  Shares of Emcore closed Thursday at $2.37. Shares were halted premarket. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 08, 2024 07:26 ET (12:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1}}}