Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.350

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3:59 PM EST

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To: richardred who started this subject	8/8/2003 8:47:09 AM
From: richardred	of 7265

LMT on the prowl-Defense SITT plays are hot items, that's why I'm over weighted in picks there. RR Lockheed Martin Corporation Prices $850 Million of Convertible Debentures Due 2033 PR Newswire ~ August 8, 2003 ~ 8:01 am EST BETHESDA, Md., Aug. 8 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation ( NYSE: LMT) today announced an agreement, subject to standard closing conditions, for the sale of $850 million aggregate principal amount of its floating rate convertible debentures due 2033. Lockheed Martin intends to use the net proceeds for general corporate purposes, which may include debt reduction, working capital, capital expenditures or acquisitions.

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