Article: General Dynamics Advanced Information Systems to Acquire Axsys Technologies, Inc.

General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE:GD), has entered into a definitive agreement to acquire Axsys Technologies, Inc., (NASDAQ:AXYS) for $54 per share of Axsys Technologies' outstanding common stock. The cost of the transaction would be $643 million (see also General Dynamics Advanced Information Systems; Axsys Technologies, Inc.).

The proposed acquisition, which has been approved by the boards of directors of Axsys Technologies and General Dynamics, would be earnings-neutral in 2009 and accretive to General Dynamics' earnings thereafter. The transaction is subject to normal regulatory approvals as well as ...

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