Rada Electronic Industries
NASDAQ:RADA 3:59:55 PM EDT
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".
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".