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Reuters: Aerojet Rocketdyne Parent Mulls Bid Increase for United Launch Alliance

ULARocketThe parent company of Aerojet Rocketdyne (NYSE: AJRD) plans to meet with outside advisers as it weighs options to raise its acquisition offer for the Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) joint venture United Launch Alliance, Reuters reported Thursday.

Aerojet Rocketdyne’s spokesman Glenn Mahone told Reuters reporter Andrea Shalal that ULA and Aerojet Rocketdyne are still in talks over “a number of business arrangements.”

Boeing and Lockheed Martin rejected Aerojet Rocketdyne’s previous $2 billion cash offer for ULA.

Reuters reports Aerojet Rocketdyne could reveal its next plans over the ULA deal in the next few weeks.

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