OXNARD, Calif.-California Amplifier Inc. said its acquisition of Vytek Corp. has received the approval of both companies’ stockholders.
The official merger, which will take effect next week, amounts to approximately $92 million based on California Amplifier’s stock trading at $11.26, said both companies.
California Amplifier said it expects to issue about 8.2 million shares of common stock, while Vytek stockholders will own about 35 percent of California Amplifier on a post-merger basis.
