Aerojet Rocketdyne jumps 7% on report it's soliciting acquisition offers

Aerojet Rocketdyne (NYSE:AJRD) soared 7.2% in premarket trading on a report that it's soliciting offers from potential suitors.
Aerojet (AJRD) is working with advisers on an auction process and asked for indications of interest earlier this month, according to a Reuters report, which cited people familiar. Aerojet could still decide not to sell itself if it doesn't get an offer it believes is attractive.
The Reuters report comes after Dealreporter in August said that the rocket company has had recent discussions with a few strategic buyers about a potential deal.
The Dealreporter item highlighted that activist investor Elliott Management, which disclosed a 3.7% stake in AJRD in its most recent 13-F filing, is also a large holder of Howmet Aerospace (HWM). A source speculated that a Howmet potential deal with Aerojet may make sense.
A potential Aerojet (AJRD) sale comes after FTC filed a lawsuit in late January to block Lockheed Martin's (LMT) $4.4 billion purchase of Aerojet (AJRD). Lockheed terminated the deal in February.