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Saturday, December 10, 2016

Northrop Said to Favor Spinoff of Ship Unit Rather than Sale

November 5, 2010

According to a Nov. 5 report from Bloomberg, Northrop Grumman Corp. told private- equity firms it is scrapping a plan to sell its shipbuilding business and will instead pursue a spinoff of the unit, three people with knowledge of the matter said.

(Source: Bloomberg)



 
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