Independent journal on economy and transport policy
08:30 GMT+2
General Dynamics in $2bn offer
(Financial Times)
February 19, 1999
By William Lewis in New York General Dynamics, the US defence contractor, has made a $2bn unsolicited takeover offer for Newport News Shipbuilding, the second largest builder of large military ships for the US Navy.
In a statement issued last night after the market had closed, Newport disclosed it had received a $38.50 per share cash offer from General Dynamics, the largest builder ...... Read more on Financial Times
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