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In a deal that expands its commercial business and broadens its portfolio of advanced electronics, Britain’s Cobham plc on Tuesday said it has agreed to acquire New York-based Aeroflex Corp. [ARX], which makes provides microelectronics products and test solutions to a diverse portfolio of customers in aerospace, space, wireless, medical, defense, energy and other industries. The enterprise value of the deal, which is scheduled to close in the third quarter, is valued at just under $1.5 billion, with $920 million…
