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Boeing (BA) Completes Acquisition of Argon ST (STST)

August 5, 2010 10:34 AM EDT
The Boeing Company (NYSE: BA) today completed its acquisition of Argon ST Inc. (Nasdaq: STST).

As a result of the merger, Argon ST is now a wholly owned subsidiary of Boeing and a new division of Boeing Network & Space Systems, a business within the Boeing Defense, Space & Security operating unit.

Shareholders of Argon ST will receive $34.50 in cash, or approximately $775 million, net of cash acquired.


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