Armor Holdings to be Acquired
Posted on Monday, May 07 @ Eastern Daylight Time by ljdeangelis |
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Another one of our holdings is about to get acquired:
Armor Holdings, which has local operations in Fairfield and West Chester, said Monday that it is being acquired by a British defense firm.
BAE Systems Inc., a subsidiary of United Kingdom-based BAE Systems plc, said it has agreed to acquire Jacksonville, Fla.-based Armor for $4.1 billion, or $88 per share.
At $88 per share equates to over an 80% gain in our AH position.
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