Boeing agreed to pay $ 775 million for Argon

Argon is going under the Boeing

In brief: Argon produces sensors for systems intelligence, surveillance and reconnaissance. In addition to Boeing for its claimed BAE Systems Plc and Raytheon Co.

American Boeing announced that it has acquired Argon ST Inc., Manufacturer of products for defense, for $ 775 million, the full amount will be paid by cash.

Close the deal is expected in the III quarter. Boeing’s offer at $ 34.50 per share Argon provides 41-percent premium to the closing price of securities on Tuesday. The Board of Directors approved the transaction Argon and plans to recommend that shareholders do the same.

Ukrainian Globalist
2010-06-30 14:02, Economics.

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