{"id":98,"date":"2007-05-08T23:11:30","date_gmt":"2007-05-08T23:11:30","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/uncategorized\/bae-set-for-45bn-us-takeover\/"},"modified":"2007-05-08T23:11:30","modified_gmt":"2007-05-08T23:11:30","slug":"bae-set-for-45bn-us-takeover","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/05\/08\/bae-set-for-45bn-us-takeover\/","title":{"rendered":"BAE set for $4.5bn US takeover"},"content":{"rendered":"<p><strong><span style=\"font-size: 10pt\"><!-- S BO --><!-- S IIMA -->Defence giant BAE Systems has agreed to buy US-based Armor Holdings in a deal worth in the region of $4.5bn (\u00c2\u00a32.27bn).<\/span><\/strong><span style=\"font-size: 10pt\"> <\/span><span style=\"font-size: 10pt\">BAE said it would pay $88 a share for Armor Holdings, which makes military vehicles and bullet-proof vests. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">Europe&#8217;s biggest defence firm has been looking to expand in the key US market, where the firm has several lucrative contracts with the US government. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">BAE recently declared a jump in pre-tax profits to \u00c2\u00a3859m in 2006, from \u00c2\u00a3557m the previous year.<\/span><\/p>\n<p><span style=\"font-size: 10pt\">The company bought US firm United Defense Industries two years ago for \u00c2\u00a32.1bn. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">BAE said that it hoped to complete the takeover of Armor Holdings later this year, subject to shareholder approval and competition approval. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">Shares in Armor Holdings gained on news of the offer, rising by 5.74% to $82.15 in early trade on the New York Stock Exchange.<!-- E BO --> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defence giant BAE Systems has agreed to buy US-based Armor Holdings in a deal worth in the region of $4.5bn<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[9,48],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","hentry","category-companies","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}