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Herley shares sink after Reuters reports auction fails 04.08.2009 Reuters was alone with news on April 8 that the auction to sell Herley Industries, a U.S. defense electronics manufacturer, has failed. The company’s shares dropped 13.5 percent after the Reuters story. Our story said the company’s board was not willing to accept the final bidder’s offer, rejecting it as too low, but that it continued looking at strategic alternatives. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Herley shares sink after Reuters reports auction fails

04.08.2009

Reuters was alone with news on April 8 that the auction to sell Herley Industries, a U.S. defense electronics manufacturer, has failed. The company’s shares dropped 13.5 percent after the Reuters story. Our story said the company’s board was not willing to accept the final bidder’s offer, rejecting it as too low, but that it continued looking at strategic alternatives.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here