Mercury Systems stock tanks 10% as company’s sale falls through, interim CEO named

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Shares of Mercury Systems Inc. dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member...

Shares of Mercury Systems Inc.

dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said. The board has launched a “comprehensive” search to identify its next permanent CEO, the company said.

dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said. The board has launched a “comprehensive” search to identify its next permanent CEO, the company said.

 

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