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Finmeccanica Subsumes DRS

By KEN MacFADYEN

May 19, 2008

Italian defense company Finmeccanica, S.p.A. agreed to acquire DRS Technologies through a $5.2 billion (?3.4 billion) cash deal valued at $81 a share. The sale price represents a 27% premium to what DRS' price was a day prior to public reports speculating about a possible combination.

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