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  • Tuesday, April 23, 2024

FTC Expedites Kratos’ Acquisition of Integral Systems

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has cleared a hurdle in its acquisition of Integral Systems Inc. (NASDAQ: ISYS).

The Federal Trade Commission has granted early termination of the waiting period of Hart-Scott-Rodino Antitrust Improvements Act of 1976. Each company’s stockholders must now approve the acquisition terms and the companies must follow some customary closing conditions before the deal can be finalized. The parties expect to close the deal in the third quarter of calendar year 2011.

 

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