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BAE SYSTEMS Acquiring Services Provider MTC Technologies

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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…

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