Thiokol now Cordant Techologies (CDD) Message Board

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Technology Stocks : Thiokol now Cordant Techologies (CDD)

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To: Teddy who wrote (71)	5/7/1999 9:13:00 AM
From: Carmine Cammarosano	Read Replies (1) of 127

Litton Industries (LIT:NYSE) made an unsolicited bid for both Newport News Shipbuilding (NNS:NYSE) and its merger partner Avondale Industries (AVDL:Nasdaq) in a combined deal valued at more than $2 billion. Avondale said Litton is offering $38 a share for the company; Newport News said it's being offered 0.55 of a Litton share for each Newport share. Last month, General Dynamics (GD:NYSE) tried to acquire Newport News but the Defense Department rejected the proposal.

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