Aerojet Rocketdyne Holdings Inc

NYSE:AJRD  
47.37
+0.08 (+0.17%)
Debt Financing / Related, Mergers / Acquisitions

Lockheed Martin Says To Acquire Aerojet Rocketdyne For $4.4 Bln

Published: 12/20/2020 23:45 GMT
Aerojet Rocketdyne Holdings Inc (AJRD) - Lockheed Martin to Acquire Aerojet Rocketdyne, Strengthening Position As Leading Provider of Technologies to Deter Threats and Help Secure the United States and Its Allies.
Total Transaction Value of $4.4 Billion.
Definitive Agreement to Acquire Aerojet Rocketdyne Holdings, Inc. (for $56 per Share in Cash.
Lockheed Martin - Agreement for $56 per Share in Cash, Which is Expected to Be Reduced to $51 per Share After Payment of Pre-closing Special Dividend.
Deal Represents a Post-dividend Equity Value of $4.6 Billion.
Transaction is Expected to Close in Second Half of 2021.