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Business/Financial

Justice Department Advances General Dynamics Acquisition of Force Protection Inc.

By Cal Biesecker

Monday, December 19th, 2011

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General Dynamics [GD] Friday said the Justice Department granted early termination of the waiting period required by the Hart-Scott-Rodino (HSR) Antitrust Improvements Act in connection with its $5.52-per-share cash tender offer to purchase the outstanding shares of common stock of Force Protection Inc.,[FRPT]. The acquisition terms were announced Nov. 7 (Defense Daily, Nov. 8). Termination of the waiting period satisfies one conditions of the tender offer necessary for the acquisition to go forward. Another condition is the requirement that a…

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