Raytheon/Applied Signal Technology
On December 20, 2010, Raytheon Company (NYSE: RTN) today announced that it has signed a definitive acquisition agreement with Applied Signal Technology, Inc. (Nasdaq: APSG) whereby Raytheon will acquire all outstanding Applied Signal common shares for $38 per share, or a total consideration of $490 million.
The transaction, which is not expected to have a material effect on Raytheon's earnings, should close in Q111.
Bank of America Merrill Lynch is serving as financial advisor to Applied Signal Technology, Inc.. DLA Piper LLP (US) is serving as legal counsel to the Company.
Following successful completion of the transaction, Applied Signal will be integrated into Raytheon's Space and Airborne Systems (SAS) business.
The transaction, which is not expected to have a material effect on Raytheon's earnings, should close in Q111.
Bank of America Merrill Lynch is serving as financial advisor to Applied Signal Technology, Inc.. DLA Piper LLP (US) is serving as legal counsel to the Company.
Following successful completion of the transaction, Applied Signal will be integrated into Raytheon's Space and Airborne Systems (SAS) business.
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