Northrop Grumman Extends Again NNS Tender Offer

Friday, July 06, 2001
U.S. defense contractor Northrop Grumman Corp. on Thursday said it extended again its tender offer for the shares of Newport News Shipbuilding, as the antitrust enforcers weighed the proposed $2.1 billion takeover.

Los Angeles-based Northrop, which is competing with rival General Dynamics Corp. for control of Newport News, said it extended its tender offer for shares of the warship builder to July 19 at midnight EDT from the prior deadline of July 5. About 2.84 million shares, or nine percent, of Newport News' common stock had been tendered as of 5:00 p.m. EDT on July 5, Northrop said.

Falls Church, Va.-based General Dynamics recently said about 20.3 million Newport shares, more than the majority of those outstanding, had been tendered in connection with its bid.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Baltic Index Rises on Increased Demand Across Segments

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on higher demand across all vessel segments.

PALFINGER Finalizes Harding Acquisition

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving

Beijing Slams South China Sea Court Proceedings

Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against

 
 
Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0828 sec (12 req/sec)