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Chancery Rejects Settlement Over $1.5B Aeroflex Cobham Deal

By Matt Chiappardi (July 8, 2015, 8:38 PM EDT) -- A Delaware Chancery judge Wednesday rejected a proposed settlement to resolve the lawsuit challenging the $1.5 billion acquisition of private equity-controlled Aeroflex Holding Corp. by British defense manufacturer Cobham PLC, ruling the deal brought no value to the putative class and "undercuts the litigation process."...

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