General Dynamics and CSRA signed a final agreement on the acquisition of CSRA's stocks by General Dynamics, the company informed.
In line with the document the sub held by General Dynamics is going to set out an offer on the acquisition of all floating common stocks of CSRA for $40.75/pcs.
The deal should be approved by the regulators. After the approval General Dynamics relies to purchase remained stocks at the same price.
The deal is appraised to worth $9.6bn including $2.8bn of CSRA's debts. It is assumed to be completed in IH 2018.
The available funds and loans are to be used for the financing of the deal. The net debts of General Dynamics will be pushed up to $10.5bn.
The acquisition of CSRA is expected to expand the opportunities of the General Dynamics's client base.
General Dynamics relies to increase the profit under GAAP and the free money flow per stock in 2019. The expenses are considered to cover 2% of the revenues of the joint company by 2020.
General Dynamics is a global company operating in the airspace and defense-oriented sector. In 2017 the revenues reached $31bn.
"AK&M", 14:11, 13.02.2018 1251 AKM,COR