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UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
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(Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace
(Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace business from Ball Corp for about $5.55 billion in cash.
BAE said it expected the deal to add to its earnings per share and margins in the first year post completion.
Reuters had reported in July that private equity firms Blackstone Inc and Veritas Capital Fund Management were competing against defence companies such as BAE, General Dynamics Corp and Textron to buy the business.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips and Subhranshu Sahu)
An acquisition is a corporate action in which one company purchases another company. This can involve buying the company's assets or shares to gain control over it.
Corporate strategy refers to the overall plan and direction of a company, focusing on long-term goals, resource allocation, and competitive positioning in the market.
Financial markets are platforms where buyers and sellers engage in trading financial assets like stocks, bonds, currencies, and derivatives, facilitating capital flow and investment.
The defense industry encompasses companies and organizations involved in the production of military equipment, technology, and services, catering to national security needs.
An investment is the allocation of resources, usually money, in order to generate income or profit. Investments can take various forms, including stocks, bonds, real estate, and businesses.
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