GD Extends NNS Tender Offer

Monday, September 17, 2001
General Dynamics (NYSE: GD) extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. (NYSE: NNS) to midnight, EDT, on September 21, 2001. The offer was previously scheduled to expire at midnight, EDT, on September 14, 2001. As of the close of business on September 14, 2001, approximately 15,994,698 shares of Newport News had been tendered. The lower number of shares tendered as of September 14 compared with the number tendered as of the prior scheduled expiration of the tender offer on August 31, 2001 is attributed to the closing of the U.S. financial markets, the interruption of deliveries to the General Dynamics depositary and other disruptions caused by the terrorist attacks of September 11, 2001.

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


France-Corsica Ferry Operator SNCM's Takeover Gets EU Clearance

The European Commission has approved the takeover of troubled France-Corsica ferry operator SNCM by Corsican entrepreneur Patrick Rocca, according to a letter seen by Reuters on Tuesday.

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

MacArtney, Moog Focal in Expansion Mode

Moog Focal Technologies Corporation and the MacArtney Group have agreed to intensify their multi-service partnership aiming at expanding their long-term business

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction
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: 0.0793 sec (13 req/sec)