Back to News

Barley Snyder Participates in Transaction in which Herley Industries is Acquired by Kratos Defense & Security Solutions

Published on

April 15, 2011

Herley Industries, Inc. (Nasdaq: HRLY), a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide, announced that the Company has been acquired by Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) for $19.00 per share in cash.  The transaction was accomplished through an all-cash tender offer and second-step merger, with a total value of approximately $270 million, on February 25th, 2011.

John Thonet, former Chairman of Herley Industries made the following remarks regarding the work of Barley Snyder, “I greatly appreciated Barley Snyder’s professional attitude, responsiveness and high quality guidance on SEC matters during my tenure as Chairman of Herley Industries, Inc. – Barley Snyder was a truly valued member of the  Herley team during what was, without question, one of the most extraordinary and successful periods in Herley’s 45-year history.” Barley Snyder, LLC served as Herley’s securities counsel and worked on Herley’s transaction team in connection with the transaction.

About Herley Industries, Inc.  Herley Industries, Inc. (Nasdaq: HRLY) is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.Herley.com


Related News

View More News
Press Release
August 21, 2025

Barley Snyder Attorneys Recognized by Best Lawyers in America

For Immediate Release Lancaster, Pa. – Barley Snyder is proud to announce that 51 of its attorneys have been recognized by...

Learn More
News Alert
August 20, 2025

One Big Beautiful Bill: Key Tax Provisions Impacting Businesses

On July 4, 2025, President Donald Trump signed into law legislation (H.R.1), known as the One Big Beautiful Bill Act (the ...

Learn More
News Alert
August 15, 2025

Commonwealth Court Reaffirms Need for Municipalities and Courts to Adhere to the Environmental Rights Amendment

On August 13, 2025, the Pennsylvania Commonwealth Court reaffirmed that local municipalities and courts have an obligation to...

Learn More

Other Upcoming Events

View All Upcoming Events
Oct
07
2:30 pm
-
6:00 pm
event
Location

2025 York Business Seminar

Learn More
Nov
12
2:30 pm
-
6:00 pm
event
Location

2025 Reading Business Seminar

Learn More
Oct
14
2:30 pm
-
6:00 pm
event
Location

2025 Harrisburg Business Seminar

Learn More

Get in Touch

Our attorneys, paralegals and staff look forward to hearing from you. Please reach out to let us know how we can help.

Get In Touch
RECOGNIZED IN
Super Lawyers
Best Law Firms US News
Best Lawyers