Henry Bros. Electronics, Inc. completes the merger with Kratos Defense & Security Solutions, Inc.

Henry Bros. Electronics, Inc. (HBE), a turnkey provider of technology-based integrated electronic security solutions, announced on Dec. 16 that on December 15, after receiving the required stockholder approval, it completed the previously announced merger transaction with Kratos Defense & Security Solutions, Inc.

The affirmative vote of the holders of a majority of the outstanding shares of Henry Bros. common stock was required to approve the merger transaction with Kratos. According to the final vote tally of shares of Henry Bros. common stock, approximately 79 percent of the outstanding shares of Henry Bros. common stock, as of November 2, 2010, the record date for the annual meeting, was voted to approve the merger.

Under the terms of the merger agreement, Henry Bros.'s stockholders will receive $8.20 in cash, without interest and less any applicable withholding taxes, for each share of Henry Bros. common stock they hold.

As of December 16, 2010, the stock of Henry Bros. will no longer be quoted on The NASDAQ Capital Market.