Military
MTC Technologies White Christmas Buyout (MTCT)
Published:
Last Updated:
This morning, MTC Technologies, Inc. (NASDAQ: MTCT) has confirmed its buyout news from late Friday night where MTC Technologies, Inc. (NASDAQ: MTCT) has signed a definitive merger agreement to be acquired by BAE Systems, Inc.
The transaction is valued at roughly $450 million for a cash price of $24.00 per share plus the assumption of debt.
As BAE Systems is a huge defense and aerospace operation, it will be simple to integrate MTC’s aircraft modernization and sustainment, as well as its logistics and other operations with Department of Defense and national security agencies.
MTCT close at $17.78 Friday, and its 52-week trading range is $15.31 to $25.42.
Jon C. Ogg
December 24, 2007
Join our free email distribution list to get previews for other buyouts, merger-arb, spin-offs, reorganizations, IPO’s, and more.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.