News Article
Celeritek rejects Anaren's merger proposal
Anaren Microwave’s recent takeover offer has been rejected by Celeritek as not being in the best interests of its shareholders.
The ongoing efforts of Anaren Microwave to take over Celeritek took another turn when Celeritek announced that its board of directors had unanimously rejected Anaren’s offer as received on September 19.
After careful consideration, including consultation with its financial and legal advisors, the Celeritek board said Anaren s proposal, that included an $8.75 per share offer for the company, was not in the best interests of Celeritek shareholders.
