M&A momentum continued to build as we reach the end of an eventful year with seven new deals announced and two deals completed.
On Sunday, December 20, 2020, Lockheed Martin Corporation (LMT) announced that it is acquiring Aerojet Rocketdyne Holdings (AJRD), a world-known leader in aerospace and defense that provides propulsion systems to the space, missile defense and strategic systems. According to Reuters, ‘The deal is Lockheed’s biggest acquisition since Jim Taiclet took over as chief executive in June. He is seeking to beef up the company’s propulsion capabilities amid competition from new entrants such as SpaceX and Blue Origin, for space contracts with the U.S. government.’
After amending its deal in the previous week, Alaska Communications Systems Group (ALSK) received another proposal from a third party last week, which was considered as a ‘Superior Proposal’ by the Company’s Board of Directors.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There was one new deal announced in the Deals in the Works section last week.