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Jefferies Quarterdeck Serves as Advisor in $580-Million Sale of Essex Corp. to Northrop Grumman Corp.

Publication: PR Newswire
Publication Date: 09-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. , today announced that its aerospace-and-defense investment banking group, Jefferies Quarterdeck, has served as exclusive M&A advisor for the sale of Essex Corporation to Northrop Grumman Corporation for an enterprise value of approximately $580 million, or $24 per share. Jefferies Quarterdeck has completed or announced nearly 40 aerospace-and-defense transactions in 2006.

Essex is a leading provider of advanced technology...

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