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Business/Financial

Mercury Systems Up For Sale

By Cal Biesecker

Wednesday, February 1st, 2023

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Mercury Systems Up For Sale

Mercury Systems develops and supplies a wide range of defense electronic systems and components including multi-function displays. Image: Mercury Systems

Defense electronics suppler Mercury Systems [MRCY] on Wednesday said it has hired financial advisers to help explore a possible sale of the company, which has been under pressure from an activist investor group to look for a potential buyer. The company said the strategic review was initiated by its board “to enhance shareholder value” and that it might not result in a sale. In 2021, two firms that invest in undervalued companies, Jana Partners and Starboard Value, acquired minority stakes…

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