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机译:市场焦点

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Apotential shareholder revolt among EDO Corp.share-holders is raising questions about whether ITT Corp. will increase its $1.7-billion bid for the 82-year-old defense electronics supplier. ITT agreed in September to pay $56 a share, a 9% premium over EDO's pre-deal closing price and 33% above the figure of a month earlier. But now some EDO shareholders are saying that's just not enough. Since the deal was announced, EDO has won more orders from the U.S. military for electronic jamming devices to protect soldiers in Iraq and Afghanistan from roadside bombs (AW&ST Sept. 3, p. 65). And earlier this month, the New York-based company reported a fivefold gain in quarterly net income, to $11.2 million. EDO's stock has traded as high as $58 in recent weeks, a sign that investors think the company is worth more than the deal price. SAC Capital Advisors, which owns about 6% of EDO's outstanding shares, wrote in a Securities and Exchange Commission filing that ITT's offer "may be inadequate."
机译:EDO Corp.股东之间潜在的股东动乱引发了人们的质疑,即ITT Corp.是否会增加对这家拥有82年历史的国防电子供应商的17亿美元的收购报价。 ITT在9月份同意以每股56美元的价格支付,比EDO交易前的收盘价溢价9%,比一个月前的数字高出33%。但是现在一些EDO股东说这还不够。自协议宣布以来,EDO已从美军获得了更多电子干扰设备订单,以保护伊拉克和阿富汗士兵免受路边炸弹的袭击(AW&ST 9月3日,第65页)。本月早些时候,这家总部位于纽约的公司报告其季度净收入增长了五倍,达到1,120万美元。最近几周,EDO的股票交易价格高达58美元,这表明投资者认为该公司的价值超过交易价格。 SAC Capital Advisors拥有EDO已发行股份的6%,在一份证券交易委员会的文件中写道,ITT的报价“可能不充分”。

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