Finmeccanica outwits EADS with Tuscan tactics

The Italian company Finmeccanica, a world leader in the supply of electronics equipment and defense and security systems and services, and the US company DRS Technologies, a leading supplier of integrated defense electronics products, services and support, announced 13 May 2008 that they had signed a definitive merger agreement under which Finmeccanica will acquire 100% of DRS stock for US$81 per share in cash.

Website: Finmeccanica http://www.finmeccanica.com/Holding/EN/index.sdo

Finmeccanica: Press Release, 13.5.08: Finmeccanica to Acquire DRS for US$5.2 billion (Euro 3.4 billion). Creates a New Leading Player in Defense Electronics with Balanced Global Presence http://www.finmeccanica.com/Holding/EN/Corporate/Comunicazione/Eventi/Eventi_2008/Finmeccanica_acquista_DRS/index.sdo

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