We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lockheed Martin Corp | NYSE:LMT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.29 | -0.28% | 461.91 | 462.93 | 457.1701 | 462.93 | 910,783 | 01:00:00 |
From May 2019 to May 2024
By Robb M. Stewart
Aerojet Rocketdyne Holdings Inc. shares are poised to rally when the market opens Monday after Lockheed Martin Corp. announced plans to buy the space and missile-defense specialist in a deal valued at about $5 billion.
In premarket trading, Aerojet's shares were 28% higher after ending last week at $42.04, down 7.9% year-to-date.
Lockheed Martin has offered $56 a share for Aerojet, the company said Sunday. The price would fall to $51 at closing following the payment of a $5 cash dividend scheduled for March, reducing the cash cost of the deal to $4.4 billion. That marks a 42% premium to the weighted-average price over the last 90 days.
California-based Aerojet Rocketdyne has about 5,000 employees and last year recorded revenue of almost $2 billion. The deal has been unanimously approved by each company's board and is expected to close in the second half of next year, subject to regulatory and shareholder approval.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
December 21, 2020 06:32 ET (11:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Lockheed Martin Chart |
1 Month Lockheed Martin Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
