Datron Selling Intercontinental Manufacturing Co.

Reaches agreement with General Dynamics

Datron, Inc. has entered into an agreement with General Dynamics OTS (Garland), L.P., an affiliate of General Dynamics, to sell substantially all of the operating assets of Datron's Intercontinental Manufacturing Company division, together with limited liabilities, for $141,000,000 in cash.

Completion of the transaction is subject to a number of conditions, including regulatory approval and the approval of Datron stockholders. Datron expects to close the transaction by the end of the third calendar quarter.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish