Aeroflex Inc. will hold a special meeting of stockholders for the purpose of considering the adoption of the merger agreement providing for the acquisition of Aeroflex by General Atlantic and Francisco Partners. Stockholders of record of Aeroflex as of the close of business on Monday, April 23, 2007, will be entitled to vote at the special meeting. Aeroflex currently expects that the definitive proxy statement will be mailed to Aeroflex's stockholders on or about April 28, 2007.
On April 11, 2007, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the proposed merger.
Aeroflex currently expects to complete the merger in the late spring or early summer of 2007, subject to the approval and adoption of the merger agreement by Aeroflex's stockholders and the satisfaction of other closing conditions.
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