Drs Agrees to $5.2 Billion Buyout

NJBIZ (May 19, 2008)

Author: Daks, Martin C
Vol: 21, Issue: 21
Permanent Link: http://vlex.com/vid/drs-agrees-to-5-billion-buyout-65135779
Id. vLex: VLEX-65135779

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Summary:

The acquisition of DRS has been approved by the boards of Finmeccanica and DRS, and the companies expect to dose the deal by the end of this year. The agreement is subject to approval by DRS stockholders, and by regulatory and other agencies. DRS says it will operate as a wholly-owned subsidiary of Finmeccanica, and plans to keep its current management and Parsippany headquarters.

Headnotes:

Acquisitions & mergers

Extract:

Drs Agrees to $5.2 Billion Buyout

DRS Technologies Ine announced last week that it will be bought...

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Drs Agrees to $5.2 Billion Buyout

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