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Raytheon (NYSE:RTN) will buy Applied Signal Technology (APSG) for $38/share, or ~$490M net of...

Dec. 20, 2010 7:20 AM ETRaytheon Company (RTN) StockAPSG-OLD, RTXBy: Rachael Granby, SA News Editor

Raytheon (NYSE:RTN) will buy Applied Signal Technology (APSG) for $38/share, or ~$490M net of cash acquired. The deal marks an 8.5% premium to APSG's Friday closing price, and isn't expected to have a material effect on Raytheon's earnings. (PR)

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