Armor Holdings bought for $4.1bn

Armor Holdings, a manufacturer of tactical wheeled vehicles, security products and vehicle armour systems, has entered into an agreement to be acquired by BAE Systems, Inc for $4.1bn.


Armor Holdings, a manufacturer of tactical wheeled vehicles, security products and vehicle armour systems, has entered into an agreement to be acquired by BAE Systems, Inc.



BAE Systems has agreed to acquire all of the outstanding stock of Armor Holdings for $4.1bn, or a price per common share of $88.00 through a one-step merger.



The transaction is subject to approval of Armor Holdings, shareholders and to customary closing conditions, including compliance with The Hart-Scott-Rodino Antitrust Improvements Act and approval under the Exon-Florio National Security Test for Foreign Investment.



The transaction is expected to close in the third quarter.