EL SEGUNDO, Calif., March 16, 2023 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the “Firm”) introduced that at a particular assembly held immediately, its stockholders voted to approve the Firm’s proposed acquisition by L3Harris Applied sciences (NYSE: LHX). 99.7% of votes forged had been in favor of the transaction.
“We’re happy with the sturdy assist of our stockholders for this transaction with L3Harris,” stated Eileen P. Drake, CEO and president of Aerojet Rocketdyne. “At present’s stockholder approval is one other milestone within the means of bringing collectively our two world-class organizations to speed up innovation and strengthen competitors for nationwide safety and area exploration propulsion options. We stay centered on finishing this transaction and delivering the numerous anticipated advantages for our workers, prospects, companions and the communities wherein we function.”
The businesses proceed to count on to shut the transaction in 2023, topic to required regulatory approvals, clearances and different customary closing circumstances.
About Aerojet Rocketdyne Holdings, Inc.
Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an progressive technology-based producer of aerospace and protection merchandise and programs, with an actual property section that features actions associated to the entitlement, sale, and leasing of the Firm’s extra actual property belongings. Extra info will be obtained by visiting the Firm’s web sites at www.rocket.com or www.aerojetrocketdyne.com.
Ahead-Wanting Statements
This communication comprises forward-looking statements that contain dangers and uncertainties, together with, amongst different issues, statements concerning the proposed transaction and the anticipated advantages and anticipated timing of the proposed transaction. The phrases “imagine,” “estimate,” “anticipate,” “challenge,” “intend,” “count on,” “plan,” “outlook,” “scheduled,” “forecast,” and comparable expressions are supposed to determine forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties and Aerojet Rocketdyne cautions you that quite a few essential components might trigger precise outcomes to vary materially from the outcomes mirrored in these forward-looking statements.
Such components embody dangers and uncertainties particular to this transaction, together with, however not restricted to, uncertainties as to the timing of the consummation of the transaction or whether or not will probably be consummated in any respect (as a consequence of failure to acquire stockholder or regulatory approvals or to fulfill all the different circumstances to the transaction), adversarial results in the marketplace value of Aerojet Rocketdyne’s widespread inventory and on Aerojet Rocketdyne’s working outcomes if the transaction isn’t consummated for any motive, failure by the events to efficiently combine their respective companies, processes and programs in a well timed and cost-effective method, important transaction prices, unknown liabilities, the success of Aerojet Rocketdyne’s enterprise following the transaction, potential litigation referring to the transaction, normal financial and enterprise circumstances that have an effect on Aerojet Rocketdyne following the transaction, and different financial, enterprise, aggressive and/or regulatory components affecting the proposed transaction.
Along with the components talked about above, components referring to future monetary working outcomes that might trigger precise outcomes to vary materially from these described herein embody, however are usually not restricted to: the continued results of the COVID-19 pandemic; reductions, delays or adjustments in U.S. authorities spending; cancellation or materials modification of a number of important contracts; a major lower within the demand for the merchandise Aerojet Rocketdyne provides because of altering financial or geopolitical circumstances or different components; failure to safe contracts; actions by opponents providing comparable merchandise; regulatory, legislative and technological developments that will have an effect on the demand for or prices of Aerojet Rocketdyne’s merchandise; and different components mentioned underneath “Threat Elements” in Aerojet Rocketdyne’s Annual Report on Kind 10-Okay filed on February 15, 2023 with the U.S. Securities and Alternate Fee.
These statements are based mostly on assumptions that will not come true. All forward-looking disclosure is speculative by its nature, and buyers are cautioned to not place undue reliance on forward-looking statements, which converse solely as of the date hereof. Aerojet Rocketdyne undertakes no obligation to replace any of the forward-looking info included on this communication, whether or not because of new info, future occasions, modified expectations or in any other case.
Contact info:
Traders: Kelly Anderson, investor relations 310-252-8155
Media: Steve Warren, vp, communications 703-650-0278
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