Home / M&A Activity / Raytheon Completes Applied Signal Technology Purchase

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12, 413, 103 shares, representing approximately 87.8 percent of AST’s outstanding shares, were validly tendered and not withdrawn in the offer (including shares tendered by notice of guaranteed delivery).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.”

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.