Blog: AST Merged With Raytheon
Menu
AST Merged With Raytheon - Tuesday, February 1, 2011
As expected by almost everyone, Raytheon's stock tender offer for shares of Applied Signal was approved. 12,413,103 votes (shares) were received in favor of the acquisition. This represents a total of 87.8%, over the 76.3% threshold needed.
Today AST became a wholly-owned subsidiary of Raytheon. We've been told that there won't be major changes for the first year; however, in the long run anything is possible. I don't yet have a substantial reason to be nervous about the future of our company, so I'm taking the default position of being optimistic.
Today AST became a wholly-owned subsidiary of Raytheon. We've been told that there won't be major changes for the first year; however, in the long run anything is possible. I don't yet have a substantial reason to be nervous about the future of our company, so I'm taking the default position of being optimistic.