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Article: General Dynamics Advanced Information Systems Completes Acquisition of Axsys Technologies.
- Article from:
- Information Technology Newsweekly
- Article date:
- September 15, 2009
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General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE:GD), today completed its previously announced purchase of Axsys Technologies, Inc., (NASDAQ:AXYS) for $54 in cash per share of Axsys Technologies' outstanding common stock. The cost of the transaction is approximately $643 million.
The acquisition, which was approved by the boards of both companies and Axsys Technologies' shareholders, will be neutral to General Dynamics' earnings in 2009 and accretive thereafter.
Axsys Technologies is a global leader in the design and manufacture of high-performance electro-optical and infrared (EO/IR) sensors and systems and ...