FONT-SIZE Plus   Neg

BAE Systems To Sell Its Safariland, LLC Business - Quick Facts

BAE Systems Plc (BA.L) said it has entered into an agreement for the sale of its Safariland, LLC business to a newly formed acquisition vehicle affiliated with Kanders & Co., Inc. for cash consideration of around $114 million.

The sale of the Safariland business is conditional, among other things, upon certain regulatory approvals, and is expected to close in the second or third quarter of 2012, BAE Systems noted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Philips Electronics NV were gaining around 3 percent in the early morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday a higher profit in its third quarter driven by margin strength with improved performance in its segments. Consolidated comparable sales growth was 2 percent, driven by 5 percent increase in HealthTech portfolio. AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion.
comments powered by Disqus
Follow RTT