General Dynamics and Advanced Technical Products, Inc. today announced that GD would acquire ATP for $250 million in cash, shares and debt. According to a joint statement, General Dynamics will acquire all 5.89 million outstanding shares of ATP for a cash purchase price of $33.50 per share. In addition, GD would assume approximately $36.2 million of ATP's net debt and retire approximately $16.2 million in ATP stock options, bringing the transaction's value to approximately $250 million. "The acquisition would be...
