Ultra Electronics Abandons Sparton Takeover, Stock Falls

Share prices of Ultra Electronics plunged around 10% on March 5 after the British defense supplier announced it has abandoned the acquisition of Sparton, an Illinois-based electromechanical parts provider, after U.S. antitrust officials resisted the tie-up. “We are disappointed with the outcome of...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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