Last night, along with its report of operating results for the second quarter of fiscal 2023, Mercury Systems reported that its board has decided to initiate a review of strategic alternatives. The company stated: "The Mercury board of directors regularly reviews the company’s strategic plan, priorities and opportunities as part of its commitment to act in the best interest of the company and its shareholders. To that end, the board has decided to initiate a review of strategic alternatives to enhance shareholder value. There can be no assurance that any transaction will be approved or consummated. The company does not intend to disclose developments relating to this process unless and until the board has approved a specific agreement or transaction or has terminated its review. Citi and Goldman Sachs & Co. LLC are serving as financial advisors to Mercury, and Shearman & Sterling LLP is serving as legal counsel."
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