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The rocket engine maker Aerojet Rocketdyne Holdings will be sold to L3 technologies for $4.7 billion.
Image - Getty Image
The deal will take place in an all-Share transfer and per share the amount will be $58.
Company statement, they have said that the transaction considers a premium of 37%
Elliott Investment investor also disclosed that they have taken a stake in the company
This year the Aerojet company share climb 17% and closing around $55 this Friday
Aerojet company makes different types of rockets like hypersonic engine, power system and many more
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