Business in the Burbs

EDO shareholders approve ITT deal

December

Shareholders of New York-based EDO Corp. today approved a plan to be acquired by White Plains-based ITT Corp. for $56 a share.

The deal is expected to close Thursday.

Based on a preliminary count, more than 77 percent of the EDO shares voted in favor of the acquisition.

EDO makes products for the aerospace, defense and intelligence industries and had 2006 revenues of $715 million.

This entry was posted on Tuesday, December 18th, 2007 at 7:23 pm by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Print | Email

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.