L3 Harries

$4.7 billion deal

Dec 19,2022

Scribbled Underline

By Loansbun

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The rocket engine maker Aerojet Rocketdyne Holdings will be sold to L3 technologies for $4.7 billion. 

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The deal will take place in an all-Share transfer and per share the amount will be $58.  

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Company statement, they have said that the transaction considers a premium of 37% 

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Elliott Investment investor also disclosed that they have taken a stake in the company 

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This year the Aerojet company share climb 17% and closing around $55 this Friday  

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Aerojet company makes different types of rockets like hypersonic engine, power system and many more 

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By Loansbun