Rada Electronic Industries

NASDAQ:RADA   3:59:55 PM EDT
10.65
-0.58 (-5.16%)
Mergers / Acquisitions, Equity Financing / Related

Leonardo DRS And RADA Agree To All-Stock Merger

Published: 06/21/2022 05:08 GMT
Rada Electronic Industries (RADA) - Leonardo Drs and Rada Agree to All-stock Merger, Combining Top Defense Technology Companies Into Leader in Advanced Sensing and Force Protection.combined Company Targeting a Low Teen Adjusted EBITDA Cagr Through 2023 From a 2021 Base of $305 Million.
Transaction is Expected to Be Accretive to Rada Earnings per Share in Year One.
Rada Electronic Industries - Leonardo Will Buy 100% of Share Capital in Co for About 19.5% Equity Ownership to Rada Shareholders in Combined Co.
Leonardo Drs is Expected to Be Listed on Nasdaq and Tase Under Symbol "drs".