Veritas Capital is set to buy Anaren Inc., a maker of telecommunications parts and components, for about $381 million.
Anaren, manufactures microwave components for wireless, space and defense electronics providers. Among its largest customers are Lockheed Martin Corp. (NYSE: LMT), Northrop Grumman Corp. (NYSE: NOC) and Raytheon Co. (NYSE: RTN). The price of $28 per share is a premium of 12.4 percent over Anaren's close of $24.91 on Nov. 1.
The Veritas offer comes several months after Syracuse, N.Y.-based Anaren rejected a $23 per share bid from Vintage Capital Group.
New York-based Veritas facilitated the deal through its fourth fund, Veritas Capital Fund IV LP, which raised $1.25 billion in 2009.