GD Extends Offer For NNS

Monday, August 06, 2001
General Dynamics extended its pending tender offer for Newport News Shipbuilding Inc. as it waits for the U.S. government's decision on the proposed merger. General Dynamics, which is competing with Northrop Grumman Corp. to buy Newport News, has extended its offer to Aug. 17. It had previously scheduled to expire at midnight on Aug. 3, the company said. As of Aug. 3, about 221.6 million shares of Newport News had been tendered, General Dynamics said. That exceeds the majority of shares outstanding, it said. Shares of General Dynamics closed Friday at $82.67 on the New York Stock Exchange, just off its 52-week high of $85.20. Shares of Newport News closed $63.60 on NYSE Friday, just off its 52-week high of $65.68.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Three European firms win Angola deepwater deals

Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger

Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Scorpio Tankers' Latest Sale & Purchase Deals

Scorpio Tankers says it recorded a gain of US$51-million from the sale of the 7 VLCC newbuilding contracts announced earlier. In March 2014, the Company received

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Salvage Ship Electronics 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: 0.0929 sec (11 req/sec)