UK's GEC offers to buy Tracor
Article Abstract:
Austin, TX-based Tracor will be acquired by London, UK-based GEC, pending approval by various government authorities. The planned acquisition will consolidate Tracor's three major operating units into GEC's current holdings, allowing GEC's North American operations to expand and become the the sixth biggest defense electronics business in the US, with some 1,700 employees and about $2.3 billion in sales. For the past few years, the Tracor has shown an exceptional recovery to growth and profitability, after it previously sought bankruptcy relef from creditors in the courts.
Publication Name: Journal of Electronic Defense
Subject: Military and naval science
ISSN: 0192-429X
Year: 1998
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The real issues
Article Abstract:
Congressional leaders and state and local governments are against the takeover plan of some of the terminal operations at major US ports by Dubai Ports World (DPW) due to the fact that it presented an unacceptable high security risk because several of the 9/11 terrorists were from the United Arab Emirates or maintained bank accounts there. DPW has abandoned its takeover bid and has announced that it would sell or spin off its US operations.
Publication Name: Sea Power
Subject: Military and naval science
ISSN: 0199-1337
Year: 2006
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An end to Avondale's merger stalemate
Article Abstract:
Litton Industries and Avondale Industries have agreed to a $529 million merger, creating a diversified concern with revenues of almost $5.5 billion and a work force of over 40,000 people. Litton's offer of $39.50 per share beat Newport News Shipbuilding's offer of $470 million. Pending regulatory and shareholder approval, the deal is expected to be completed in the third quarter of 1999.
Publication Name: Jane's Navy International
Subject: Military and naval science
ISSN: 0144-3194
Year: 1999
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