General Dynamics Acquires Anteon

Wednesday, December 14, 2005
Anteon International Corporation, an information technology, systems integration and engineering services company, has entered into a definitive agreement for Anteon to be acquired by General Dynamics for $55.50 in cash for each outstanding Anteon share. The total value of the transaction, including General Dynamic's assumption of Anteon's debt, is expected to be approximately $2.2 billion at closing. Anteon expects the transaction to close by the end of the second quarter in 2006.

The transaction has been approved by the boards of directors of each company and is subject to approval by Anteon shareholders, customary regulatory reviews and other closing conditions contained in the transaction agreement. Anteon's board of directors is unanimously recommending that Anteon's shareholders approve the transaction.

Joseph Kampf, Anteon president and chief executive officer, said, "I am confident that this transaction provides tremendous value for our shareholders and is in the best interests of our customers and our employees. For almost ten years, Anteon has seen tremendous growth in the market and now, combined with the integrity, strength and vision of General Dynamics, will be able to provide our employees with even more opportunity for success."

Anteon was advised by Bear Stearns & Co., Inc. and Paul, Weiss, Rifkind, Wharton & Garrison LLP, who acted as financial and legal advisors, respectively, in connection with this transaction.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ClassNK Releases EEDI Verification Software – Free

Japanese classification society ClassNK says it offers its Minimum Propulsion Power Calculation Software and ISO-based Progressive Speed Trial Analysis Software

China Shipyard Delivers Handymax Size Bulk Carrier

COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer. The Handymax bulker measures 189.

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,

Finance

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

Topaz secures another West Africa contract

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
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: 0.4286 sec (2 req/sec)