Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Defense and Security Investing -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (186)	7/1/2004 10:47:58 AM
From: Larry S.	Read Replies (2) \| Respond to of 245

DRS Technologies Rejects Unsolicited Proposal from L-3 Communications to Acquire the Company Thursday July 1, 10:37 am ET PARSIPPANY, N.J.--(BUSINESS WIRE)--July 1, 2004--DRS Technologies, Inc. (NYSE: DRS - News) today confirmed that during the last month it received an unsolicited proposal from L-3 Communications Holdings, Inc. (NYSE: LLL - News) to acquire DRS for $42.00 per share in cash. The proposal was subject to due diligence and the negotiation of a merger agreement. DRS's board of directors conducted a process for evaluating the proposal on a basis consistent with its responsibilities. DRS engaged Bear, Stearns & Co. Inc. as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its legal counsel to assist in this process. Following several meetings of its board of directors, DRS advised L-3 that its board of directors has confidence in the company's growth prospects and that based on this and other factors, DRS's board of directors unanimously determined that L-3's proposal would not be in the best interests of DRS's stockholders. At this time, the Company does not intend to make any further public comment on this matter. DRS Technologies, headquartered in Parsippany, New Jersey, provides leading edge products and services to defense, government intelligence and commercial customers. Focused on defense technology, DRS develops and manufactures a broad range of mission critical systems. The company employs 5,800 people worldwide.

To: Larry S. who wrote (186)	4/9/2005 12:58:46 AM
From: Paul Senior	Respond to of 245

Bought a little Cubic today. I am hoping they might benefit from the transportation bill which if I am understanding it correctly, favors creation of toll roads. If CUB can continue to win its shares of contracts from the US government, maybe the business and stock will do okay. I'd say there might be a 50% gain in the stock again to near $30/sh - as we've seen a couple of times before. OTOH, CUB seems like it could still be in a cyclical business, and we just have not seen the downside for this cycle. (i.e. when the stock drops below $10/sh.) finance.yahoo.com All jmo, I could be wrong. I have been- many, many times.