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

  • October 25, 2022


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.


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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.