U.S. Completes Review Of British Aerospace, GEC Marconi Merger

By Dan Dupont / November 22, 1999 at 5:00 AM
The Defense Department announced today that the Justice Department has completed its review of British Aerospace's plan to acquire GEC Marconi Electronic Systems. U.S. government review was the last major hurdle for the merger candidates to pass. The two companies' shareholders approved the deal this month, and the British government has also given its blessing. "An interim agreement reached among the parties is designed to ensure competition and innovation in two joint U.S./U.K. defense procurements and ultimately will be replaced...

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