Companies mentioned in this article include Cyalume Technologies Holdings, Inc. (OTCQB:CYLU).
Shares of Cyalume Technologies Holdings, Inc. (OTCQB:CYLU) are soaring today on news that the company is signing a definitive agreement and plan of merger, pursuant to which Cyalume will be acquired by an affiliate of Arsenal Capital Partners in an all-cash transaction, valued at $45 million.
Zivi Nedivi, Cyalume President and CEO, commented "We are very pleased to announce this transaction with Arsenal, as we believe it affords us the opportunity to both deliver a return to many of our various stake holders that have supported Cyalume over the past several years and positions the Company for continued growth and future success."
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