Lockheed Martin gets U.S. approval for Sikorsky Aircraft takeoverStaff writer ▼ | September 25, 2015
Lockheed Martin said the U.S. regulatory authorities have approved its $9 billion takeover of Sikorsky Aircraft business from United Technologies Corp.
Acquisition Lockheed good to go after Sikorsky
Closing of the transaction remains subject to other regulatory approvals and customary closing conditions.
In July 2015, Lockheed Martin said it agreed to buy the Sikorsky Aircraft business of United Technologies for $9 billion in cash.
However, the price was effectively reduced to about $7.1 billion, after taking into account a tax benefit of about $1.9 billion resulting from the deal. ■