Sparton announced the issuance of two patents to the Company by the United States Patent and Trademark Office. One for an invention that protects electronic circuits from electromagnetic fields and one for the invention of a high efficiency power amplifier.

Sparton Corporation today announced that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. Under the terms of the agreement, Cerberus will acquire all outstanding shares of Sparton’s common stock for $18.50 per share in cash.