In Defense of M&A
Deals in aerospace and defense are likely to heat up, and PE firms can expect competition from European acquirers
May 26, 2008
When Italian aerospace and defense company Finmeccanica launched its $5.2 billion bid to acquire military contractor DRS Technologies at $81 per share earlier this month, the transaction represented more than just another new cross-border acquisition executed by a European acquirer. It heralded the potentially fierce corporate battle for market share taking shape in the US aerospace and defense supply business, where M&A activity is expected to continue heating up, according to industry observers.
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