Tracor And MBAssociates Executives Announce Completion Of Merger

Frank W. McBee Jr., president of Tracor, Inc., Austin, Texas, and Robert Mainhardt, president of MBAssociates, San Ramon, Calif., have jointly announced the completion of the merger of MBAssociates (MBA) into a wholly owned subsidiary of Tracor.

Terms of the merger, approved by the directors of both companies and the shareholders of MBA, call for Tracor to issue .3125 of one share of Tracor common stock for each of MBA's approximate 1.2 million shares outstanding.

(MBA shareholders will receive receive written instructions regarding the conversion of MBA shares to Tracor shares as soon as is practicable.) MBA, based in San Ramon, will continue the development and manufacture of its countermeasures, ordnance, and automated systems product lines as part of Tracor's Aerospace o p e r a t i o n s, which are headquartered in Austin under the direction of group vice president Hardy M. Caton.

The products of MBA complement Tracor's current defense systems business and broaden the company's technological competence in t h i s market, according to Mr.

McBee.

Tracor, Inc. is an international technological products and services company headquartered in Austin. The company is a major technical contractor in sonar and health programs, a leading manufacturer of scientific instruments and advanced electronic systems, and a major high-volume producer of electronic and electromechanical components.

Maritime Reporter Magazine, page 21,  Oct 1980 Arkansas

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