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Finmeccanica’s Deal For DRS Clears CFIUS Hurdle

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The pending acquisition of DRS Technologies [DRS] by Italy's Finmeccanica has received approval from the Committee on Foreign Investment in the United States (CFIUS), moving the deal one big step closer to completion. The companies said the $5.2 billion acquisition is still subject to additional customary closing conditions and is expected to close "in due course." The purchase price includes about $1.2 billion in debt.

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