According to Reuters, Rocket maker Aerojet (AJRD) solicits acquisition offers

  • October 25, 2022

POTENTIAL DEAL DETAILS

StockAerojet Rocketdyne Holdings, Inc.SymbolAJRD
Date Announced10/25/2022Source Reuters
TypeNews Report
Date of Confirmation: 12/18/2022Price at Confirmation: $54.89
Potential Profit: 15.48%Annualized Profit: 104.67%

Aerojet Rocketdyne Holdings Inc (AJRD), is soliciting offers from potential suitors, including private equity firms, according to people familiar with the matter.

Update(s):

November 30, 2022: Industrial conglomerate General Electric Co (GE) and defense contractor L3Harris Technologies Inc (LHX) are among those competing to acquire rocket maker Aerojet Rocketdyne Holdings Inc (AJRD), according to people familiar with the matter.

December 17, 2022: L3Harris Technologies (LHX) is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc (AJRD), 10 months after the latter’s $4.4 billion sale to Lockheed Martin Corp (LMT) fell through, people familiar with the matter said.

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