|
Developments
Select
Companies
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The
Boeing Company
General
Dynamics
Lockheed
Martin
Northrop
Grumman
Raytheon
Company
|
Notable Transactions
Aviall / Boeing Cash
Merger
|
Boeing
to acquire aviation parts and services company
Announced
5.01.06
Advisors
- BA: Sheppard Mullin
- AVL: Credit Suisse / Skadden Arps / Haynes
& Boone
Agreements
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Anteon / General Dynamics Cash
Merger
|
Defense
contractor to buy systems integrator for $2.2B
Advisors
- GD: Jenner & Block
- ANT: Bear Stearns / Paul Weiss
Announced
12.14.05
Proxy
solicitation
Agreements
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Engineered Support / DRS
Technologies Stock-Cash Merger
|
One
defense contractor to buy another for $1.9 billion
- $30.10 cash
- $12.90 in DRS common, subject to a collar
Advisors
- DRS: Bear Stearns / Merrill Lynch / Skadden
- EASI: Lehman / Thompson Coburn / Wittner Poger
- Lehman: Willkie Farr
Announced
9.22.05
Proxy
solicitation
Form S-4
11.23.05
Agreements
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SAIC IPO
|
$1.7
billion IPO of systems integration company
Underwriters
- Advisors
- Morgan Stanley / Bear Stearns
- Company counsel: Heller Ehrman
- Underwriter counsel: Davis Polk
SEC
filings
Form S-1 Amendment #2
11.09.05
SEC_CODE_REF_0090001192884
Amendment #2
11.09.05
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Titan Corporation / L-3 Communications
Cash Merger
|
Defense
contractor buys security solutions provider
- $23.10 per Titan share
- $2.65 billion, including assumption of debt
Advisors
- L-3: -- / Simpson Thacher
- Titan: Lehman / Relational
Advisors / Willkie Farr
Announced
6.03.05
Closed
8.03.05
Proxy
solicitation
Agreements
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United Launch Alliance (Lockheed Martin - Boeing)
Joint Venture
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50%/50% joint venture - formation of new company
Combines US government rocket launch businesses
Announced 5.02.05
FTC
intervenes 10.03.06
|
United Defense Industries /
BAE Systems Cash Merger
|
UK defense contractor
buys US defense contractor
- $4.2
billion acquisition
- Clears Exon-Florio
review
Deal
terms
Advisors
Announced
3.07.05
Closed
6.24.05
Agreements
Notable
provisions
- Target "no-shop" covenant
- § 5.02
-
Exon-Florio
covenant - § 6.03(b)(i)
- Break-up fee of $119
million (3%) - § 8.3(b)
Proxy solicitation
Regulatory approvals
Employment
Matters
|
SEC Rules Applicable to Defense Industry
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Rule
171
Rule
0-6
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Related Topics
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