Christopher Bayliss • 11 Comments
Sep. 8, 2015, 6:53 PM
- Aerojet Rocketdyne Holdings (NYSE:AJRD) has submitted a $2B offer to buy United Launch Alliance, a 50-50 joint venture of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA), Dow Jones reports.
- The two sides are in advanced talks about a deal, and an announcement could come as early as the first part of next week, according to the report.
- The two companies might welcome the bid, according to a source cited in the report, given increased competition from SpaceX which is likely to cut into ULA's revenues and earnings in coming years.
Oct. 5, 2012, 5:24 PM
GenCorp (GY) and United Technologies (UTX) have received requests for additional information from the FTC in connection with GY's proposed acquisition of the Rocketdyne division of UTX. The requests extend the waiting period during which the parties may not close the acquisition until 30 days after both companies have complied with the requests. GY now expects to close the acquisition in H113.| Oct. 5, 2012, 5:24 PM
Jul. 23, 2012, 8:26 AM
United Tech (UTX -1%) agrees to sell its Rocketdyne unit to GenCorp (GY) for $$550M as United Tech works to sell non-core units and focuses on closing its $16.5B Goodrich acquisition. United Tech will use the money from the sale to repay some of the debt it took to buy Goodrich. (PR)| Jul. 23, 2012, 8:26 AM
Jul. 19, 2012, 3:11 AM