AHP Readers: Put You Drinks Up And Make Some NOIZ!

Have you seen this smokin hot woman before? If you did on June 1 and you heeded our expertise on good stock picks, get ready to book nearly 100% gains tomorrow morning. Micronetics Inc. (Nasdaq: NOIZ) stock, 1 of our featured 7 stocks to start June with, is being acquired by  Mercury Computer Systems Inc. (Nasdaq: MRCY) for $14.80. NOIZ share price was $7.50 when we told you to add them to your list of stocks to watch on June 1st so that’s a gain of $7.30, 97.33% in 6 trading sessions.

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NOIZ Stock Chart

Mercury Computer Systems, a trusted provider of commercially developed application-ready ISR and EW subsystems for defense prime contractors, signed a definitive agreement to acquire Micronetics, a leading designer and manufacturer of microwave and radio frequency (RF) subsystems and components for defense and commercial customers. Pursuant to the terms of the agreement, Mercury will acquire Micronetics via merger for $14.80 per share.

So, June 1 NOIZ was $7.50 and they are being bought for $14.80?

This represents a fully diluted equity value of approximately $71.7 million and an enterprise value of approximately $75.4 million, including $3.7 million of net debt as of March 31, 2012. The acquisition will be funded with available cash and is expected to be immediately accretive to EBITDA. The boards of directors of both Mercury and Micronetics have unanimously approved the transaction and the Micronetics board has recommended that Micronetics’ shareholders vote in favor of the transaction.

The transaction is currently expected to close within Mercury’s fiscal 2013 first quarter ending September 30, 2012.

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