With rising clout, hedge funds start to sway mergers

Article Abstract:

An acquistion by General Dynamics Corp. was ambushed when a group of hedge funds delivered their shares in the acquisition target to a rival, which quickly made a deal. A growing trend in acquisitions and mergers is seeing hedge funds sway outcomes.

Europe, Company acquisition/merger, Acquisitions and mergers, Hedge funds

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Newport News, General Dynamics see earnings boost

Article Abstract:

General Dynamics Corp. expects to see major increases in its earnings as a result of its acquisition of Newport News Shipbuilding Inc. The acquisition is valued at approximately $2.6 billion (2.8 billion euros).

Ship Building and Repairing, All Other Fabricated Metal Product Manufacturing, Ordnance & Accessories, Defense industries, Commercial Ships, Shipbuilding industry, Newport News Shipbuilding Inc., Merchant ships, NNS

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General Dynamics will buy Galaxy to extend jet unit

Article Abstract:

General Dynamics Corp. will acquire Galaxy Aerospace Co. in an effort to expand its business jet operations. The deal is valued at $330 million (371.5 million euros).

Aircraft, Aircraft Manufacturing, Aircraft industry, Galaxy Aerospace Co.

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