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Reuters: Finmeccanica buys DRS for $5.2 bln, shares drop

Started by chris, May 13, 2008, 12:21:04 PM

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chris

Finmeccanica buys DRS for $5.2 bln, shares drop
      


MILAN (Reuters) - Finmeccanica SpA  has agreed to buy U.S. military contractor DRS Technologies Inc.  in a $5.2 billion deal, the biggest so far in European defense contractors' bid for a slice of the growing U.S. defense market.
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