Raycomm Offers to Buy Rest of Mainstream Shares

Raycomm Transworld Industries, an Encino-based firm that provides temporary engineering and technical support services to the aerospace and defense industries, said it plans to acquire the 16%, or 151,000 shares, of Mainstream Engineering Co. that it doesn’t already own.

Raycomm said in a Securities and Exchange Commission filing that it would offer one Raycomm class B preferred share and a warrant to purchase three Raycomm common shares for each 1.5 Mainstream shares. Raycomm reported $56 million in sales in the fiscal year that ended March 31. Mainstream, which is also based in Encino, provides temporary engineering personnel.