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Raytheon Completes Applied Signal Technology Purchase

Raytheon (NYSE: RTN) has finalized its purchase of Applied Signal Technology, Inc. (Nasdaq: APSG).

According to the firm, “based on information provided by BNY Mellon Shareowner Services, the depositary for the tender offer, approximately 12, 413, 103 shares, representing approximately 87.8 percent of AST’s outstanding shares, were validly tendered and not withdrawn in the offer (including shares tendered by notice of guaranteed delivery). All such shares have been accepted for payment in accordance with the terms of the tender offer. Raytheon does not intend to offer a subsequent offering period in connection with the offer.”

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