Home / M&A Activity / General Dynamics Clears Regulatory Hurdle in Force Protection Purchase; Company Directors Still to Appove

General Dynamics Clears Regulatory Hurdle in Force Protection Purchase; Company Directors Still to Appove

The U.S. Justice Department has terminated the remaining portion of a waiting period required by antitrust law in General Dynamics‘ (NYSE: GD) pending acquisition of Force Protection Inc. (NASDAQ: FRPT).

General Dynamics said the cash deal of $5.25 per share, or approximately $360 million, still needs to be approved by each company’s board of directors.

General Dynamics expects to close the deal before the end of calendar year 2011. It also expects the deal to increase its earnings in 2012.

South Carolina-based Force Protection employs around 1, 100 workers and manufactures blast and ballistic-protected products.

Previous acquisition coverage:

November 7: General Dynamics to Acquire Tank Manufacturer Force Protection for $360M

Check Also

Former DHS Commercialization Lead Nadia Carlsten Joins Amazon

Nadia Carlsten, former director of commercialization at the Department of Homeland Security and program manager of its cybersecurity division, has joined Amazon (Nasdaq: AMZN) as head of strategy and operations, G2Xchange ETC reported Monday.

Boeing: Aerospace & Defense Market to Reach $8.7T Over Next Decade; Greg Smith Quoted

Boeing (NYSE: BA) forecasts the aerospace and defense market to reach $8.7T and defense and space opportunities to hit $3.1T in the next 10 years as government agencies adopt new technologies, update military systems and expand maritime and space exploration.