Monday 7 May 2007

Armor Holdings Agrees to $3.37B Takeover

Armor Holdings Inc., maker of military vehicles and bulletproof vests, has agreed to a $3.37 billion takeover by global defense contractor BAE Systems Inc. The purchase price of $88 a share in cash represents a 7 percent premium to the closing price of Armor Holdings stock on Friday, 4 May 2007.



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