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Cash Offer Could Make Rumored Aerojet-ULA Deal Legit, Executive Says

Rich Abott By
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A cash offer, as opposed to stock, could make the rumored Aerojet Rocketdyne [AJRD] offer for United Launch Alliance (ULA) legitimate, according to a veteran industry executive.“I could see it happening if (Aerojet Rocketdyne) was paying cash,” NexGen Space LLC President and former NASA senior adviser for commercial space Charles Miller said Sept. 9. “If it’s equity, and you’re buying into future business that is non-competitive, why would you take equity? That would be a bad deal.”Reuters reported Sept. 8…

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