Wachovia Cuts Rating On DRS Tech (DRS) to Market Perform After Buyout

May 13, 2008 2:38 PM EDT

Wachovia downgrades DRS Tech (NYSE: DRS) from Outeprform to Market Perform, following news Finmeccanica will acquire the company for $81 per share. The firm said upside will be limited to to he possibility of another offer, which they view as less likely.


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DRS 80.35

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