BAE Systems buys Detica
LONDON (Reuters) - BAE Systems (BAES.L) said on Monday it had made a recommended offer for Detica Group DCA.L, a provider of IT services to the national security sector, at 440 pence a share, valuing the business at about 538 million pounds including assumed debt.
The bid price represents a premium of about 57 percent on Detica's share price on July 17, the last day before Detica announced it had received an approach.
(Reporting by Paul Sandle; Editing by Erica Billingham)
© Thomson Reuters 2009 All rights reserved.
Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article
UK
US
Sotomayor pledges impartial justice