Britain's BAE SYSTEMS last month said it has agreed to acquire MTC Technologies, Inc., [MTCT] in a $450 million deal that gives it access to new customers in the Defense Department for technical solutions and services. BAE will pay $24 in cash for each share of MTC's common stock and assume net debt of $81 million. The deal is expected to close in the first half of this year pending approval by regulators and MTC's shareholders. MTC, which is based…
BAE SYSTEMS Acquiring Services Provider MTC Technologies
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