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In Defense of M&A

By KELLY HOLMAN

June 2, 2008

When Italian aerospace and defense company Finmeccanica launched its $5.2 billion bid to acquire Parsippany, N.J.-based military contractor DRS Technologies at $81 per share in May, the transaction represented more than just another new cross-border acquisition executed by a European acquirer. It heralded the potentially fierce corporate battle for market share taking shape in the US aerospace and defense supply business, where M&A activity is expected to continue heating up, according to industry observers.

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