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Article: BAE Systems Announces Agreement to Acquire MTC Technologies, Inc.
- Article from:
- Business Wire
- Article date:
- December 24, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCKVILLE, Md. -- BAE Systems today announced it has entered into a definitive agreement to acquire MTC Technologies, Inc., a Dayton, Ohio-based company providing technical and professional services, and equipment integration and modernization for the U.S. military and intelligence agencies.
MTC Technologies' shareholders will receive $24 in cash per share of common stock, without interest, in the transaction, representing a total consideration for MTC Technologies' fully diluted share capital of approximately $367 million. Including the assumption of net debt of $81 million, the transaction is valued at approximately $450 million.
The acquisition of ...