Independent journal on economy and transport policy
01:33 GMT+2
General Dynammics to buy NASSCO for $370 million
(Marine Log)
October 9, 1998
General Dynamics today entered into a definitive agreement to acquire San Diego-based NASSCO Holdings Inc.,parent company of National Steel and Shipbuilding Company (NASSCO) for $370 million in cash, plus the obligation to discharge approximately $45 million of net debt.
The agreement has been approved by the General Dynamics board of directors and by the ...... Read more on Marine Log
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