Business Wire (Free subscription) | 07/29/2008
PARSIPPANY, N.J.--(BUSINESS WIRE)--DRS Technologies, Inc. (NYSE: DRS) announced today that the company’s joint presentation with Finmeccanica S.p.A. (FNC.MI) at the
Business Wire (Free subscription) | 08/08/2008
... period included the impact of $11.5 million in costs related to the acquisition of DRS by Finmeccanica S.p.A. (FNC.MI), which is expected to close in the fourth quarter of the calendar 2008 year. The company’s operating margin (operating income as a percentage of revenues) for the fiscal 2009 first quarter was 8.0 percent. Excluding the $11.5 million in acquisition-related costs,...
Seeking Alpha (Free subscription) | 07/27/2008
Frederic Ruffy submits: The Securities and Exchange Commission [SEC] is investigating suspicious trading activity that surfaced in Parsippany, NJ-based DRS Technologies (DRS) options shortly before it received a takeout offer from Italy’s Finmeccanica SpA. According to regulators, some players in the options market bought call options on DRS based on inside information during the six trading...
The Earth Times Online Newspaper (Free subscription) | 07/25/2008
... Corp, a power and cooling services company.DRS is in a pending deal to be acquired by Italy's Finmeccanica SpA , for $3.94 billion, while American Power was bought by French engineering group Schneider Electric SA for $6.1 billion last year.Through an account at UBS AG in Zurich, the purchasers made "well-timed purchases" of call options of DRS and American Power that yielded profits of...
Times of India (Free subscription) | 07/23/2008
Tata Motors Ltd is open to Italy's Fiat SpA helping to sell the ultra-cheap Nano model overseas, Chairman Ratan Tata said on Tuesday.
Hispanic Business Magazine (Free subscription) | 07/16/2008
FARNBOROUGH, England -- European plane maker Airbus booked orders for 143 planes at the world's biggest air show on Tuesday, while The Boeing Co. reassured the industry that its previously delayed 787 jetliner remains on schedule....
