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Diebold woos Henry Bros., but deal with Kratos expected to close Dec. 9.

November 18, 2010Martha Entwistle

FAIR LAWN, N.J.—The price that Kratos Defense and Security Solutions will pay for Henry Bros. Electronics went up this week, from $7 per share to $8.20 per share, as the result of a rival offer from Diebold. Henry Bros. and Kratos on Oct. 6 announced a $45 million merger agreement. [http://www.securitysystemsnews.com/article/kratos-agrees-buy-henry-brothers-45m] At that time, HBE entered a 40-day “go shop” period where HBE was able to entertain offers from other suitors. That “go...

Diebold, HBE, Henry Bros. Electronics, Imperial Capital, Jim Henry, Kratos Defense and Security Solutions