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Investegate |Beiersdorf Aktiengesellschaft Announcements | Beiersdorf Aktiengesellschaft: Sales growth in the first quarter of 2021 above capital markets expectations

Investegate |Beiersdorf Aktiengesellschaft Announcements | Beiersdorf Aktiengesellschaft: Sales growth in the first quarter of 2021 above capital markets expectations
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Elbit Systems U S Subsidiary Completes the Acquisition of Sparton Corporation

Elbit Systems Ltd. (NASDAQ: ESLT)  and  (TASE: ESLT) ( Elbit Systems or the Company ) announced today, further to the Company s announcement of December 23, 2020, that its U.S. subsidiary, Elbit Systems of America, LLC ( Elbit Systems of America ), completed the acquisition of Sparton Corporation ( Sparton ) from an affiliate of Cerberus Capital Management, L.P. for a purchase price of $380 million. The closing follows receipt of all the required approvals, including receipt of U.S. Government and regulatory approvals. Headquartered in De Leon Springs, Florida, U.S., Sparton is a premier developer, producer and supplier of systems supporting Undersea Warfare for the U.S. Navy and allied military forces.

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