Sparton Corp. in acquisition talks with Ultra Electronics

SCHAUMBURG - Sparton Corp. today confirmed it is in discussions to be acquired by Ultra Electronics Holdings plc.

The discussions are an outgrowth of Sparton's previously announced sale process. There can be no assurance that Sparton will reach an agreement to be acquired by Ultra or any other potential acquirer. Any agreement that is reached will be subject to customary closing conditions, including approval by Sparton's shareholders and governmental approvals. There can be no assurance that if an agreement with Ultra or another third party is reached that the transaction will be consummated.

Sparton does not expect to provide further updates regarding negotiations with Ultra or any other third party, or the terms of any agreement, except as required by law or as otherwise determined appropriate by Sparton.