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Business/Financial

Herley Reviewing Strategic Alternatives

DDN

Tuesday, September 9th, 2008

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Herley Industries [HRLY] last week said that it has hired the investment banking services provider Jefferies Quarterdeck to assist the company in exploring its strategic alternatives, which typically refers to a company putting itself up for sale. Herley, which designs and manufactures microwave technology components and subsystems primarily for the defense and aerospace market, didn't provide a reason why it is considering a sale. The small Pennsylvania-based company has a little more than $108 million in sales for the first…

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