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California Amplifier acquisition of Vytek gains shareholder approval

OXNARD, Calif.-California Amplifier Inc. said its acquisition of Vytek Corp. has received the approval of both companies’ stockholders.

The official merger, which will take effect next week, amounts to approximately $92 million based on California Amplifier’s stock trading at $11.26, said both companies.

California Amplifier said it expects to issue about 8.2 million shares of common stock, while Vytek stockholders will own about 35 percent of California Amplifier on a post-merger basis.

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