Message posted by Jose on December 21, 2000 at 16:53:14 EST:

MSNBC NEWS SERVICES

Dec. 21 — Northrop Grumman Corporation and Litton Industries Inc. said Thursday they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share.

THE TRANSACTION is valued at approximately $5.1 billion, which includes the assumption of Litton’s $1.3 billion in net debt. Northrop Grumman’s and Litton’s boards of directors have unanimously approved the transaction.

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• Re: Northrop Grumman to buy Litton for $5.1 billion Jose 12/21/2000, 18:05:58 EST (0)