[Satellite TODAY 04-20-11] EMS Technologies has received inquiries from interested acquirers, and the company’s board has begun a formal process to explore a possible sale, EMS Chairman Jack Mowell said in an April 19 announcement.
    "While we continue to believe that the successful execution of EMS’s strategic plan is creating significant value for our shareholders, given the level of interest recently shown in the company, the board believes it should establish a process to evaluate proposals from potentially interested parties," said Mowell.
    EMS also said it would postpone its 2011 annual shareholder meeting from May 12 to June 30 to give board members time to explore strategic alternatives. Bank of America/Merrill Lynch were hired to serve as EMS’ financial advisor on the initiative and law firms King & Spalding and Kirkland & Ellis will act as the company’s legal advisors.