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Tag Archives: Spinoff

Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

Helicopter Radar

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff ...

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Gregory Hayes: UTC to Mull Sikorsky Aircraft Spinoff

Gregory Hayes

United Technologies Corp. (NYSE: UTX) is eyeing a potential spinoff of UTC subsidiary Sikorsky Aircraft as part of a strategic review into the helicopter manufacturing business. “As part of the portfolio review announced last December, we are exploring strategic options for Sikorsky to determine the best way to enhance its ...

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ATK Unveils Share Distribution Plan for Vista Outdoor Spinoff

money investment

ATK‘s (NYSE: ATK) board of directors has decided to give stockholders two shares of common stock in the future ATK sporting group spinoff company Vista Outdoor for every share of ATK common stock. ATK said Tuesday that stockholders will either receive a book-entry account statement on their Vista Outdoor common stocks or have their Vista Outdoor ...

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Justice Dept OKs Orbital Merger with ATK’s A&D Groups

rocket-launch

The Justice Department has approved a proposed merger between Orbital Sciences (NYSE: ORB) and ATK‘s (NYSE: ATK) aerospace and defense businesses. Orbital and ATK expect to close the estimated $5 billion deal in February 2015, pending votes by shareholders at both companies next month and other customary closing conditions, Orbital ...

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ATK, Orbital Delay Expected Merger Closure Date to February

rocket-launch

ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) have delayed their expected closure date for the spinoff of ATK’s sporting group and the merger between Orbital and ATK’s aerospace and defense groups to February. The companies said Monday they have also rescheduled their stockholder meetings to Jan. 27, 2015 from the previous announced date of Dec. ...

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Exelis Spins Off Gov’t Services Arm ‘Vectrus’

Exelis logo

Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the government market, ...

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Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. ...

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Agilent Electronic Measurement Spinoff To Be Named Keysight Technologies; Ron Nersesian Comments

acquisition

Agilent Technologies expects to complete the spinoff of its electronic measurement operation into a new entity called Keysight Technologies in early November. The business will use the tagline “unlocking measurement insights for 75 years” to honor the original Hewlett-Packard (NYSE: HPQ), from which Agilent was spun off, Agilent said. Ron Nersesian ...

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SAIC Board OKs Spinoff Plan, Sets Date for Split; Tony Moraco Comments

Science Applications International Corp.‘s (NYSE: SAI) board of directors has approved the company’s plan to complete the spinoff of its services business after the market closes Sept. 27. SAIC will change its name to Leidos Holdings and the services business will be held by SAIC Gemini, which will be renamed Science ...

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