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Finmeccanica’s Pending Buy of DRS Clears A Hurdle

DDN

Friday, September 5th, 2008

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The Department of Justice and Federal Trade Commission last week granted early termination of an anti-trust review period of Italian aerospace and defense company Finmeccanica's pending $4 billion acquisition of DRS Technologies [DRS]. Completion of the Hart-Scott-Rodino Antitrust review was one of the regulatory hurdles to the acquisition. The Committee on Foreign Investment in the United States, an interagency committee chaired by the Secretary of Treasury, is also weighing in on the proposed deal. Last week, Italian regulators also gave…

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