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Cordant Snapped Up By Aluminum Producer

机译:铝生产商抢购的封销线

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Rocket propulsion pioneer Cordant Technologies will cease operating as an independent entity soon and become part of a much larger organization, but its new parent won't be a company dedicated to aerospace. Cordant's board of directors last week accepted an all-cash offer of $57 a share—nearly double the Mar. 13 closing price—from giant aluminum producer Alcoa. The whole transaction, which includes the assumption of Cordant's $685-million worth of debt, is valued at $2.9 billion. The deal is expected to close by May 1.
机译:火箭推进先驱Cordant Technologies将很快不再以独立实体的身份运营,并成为一个更大的组织的一部分,但其新母公司将不是致力于航空航天的公司。 Cordant的董事会上周接受了来自大型铝生产商美国铝业公司的每股57美元的全现金报价,几乎是3月13日收盘价的两倍。整个交易,包括承担Cordant价值6.85亿美元的债务,总价值为29亿美元。预计该交易将于5月1日完成。

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