Admiralty to Sell Trident
December 14, 2010- Share:
Admiralty Partners has agreed to sell Trident Space & Defense to TeleCommunication Systems (NASDAQ: TSYS) for a payment of cash and 3 million shares of TSYS Class A common stock. Trident provides engineering and electronics solutions for the space and defense markets. The company has been owned by Admiralty since a March 2007 buyout.
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