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Stock impact report

Aerojet Rocketdyne Pays Previously-Declared Special Dividend

Aerojet Rocketdyne Holdings, Inc (AJRD)  More Company Research Source: GlobeNewswire
Last aerojet rocketdyne holdings, inc earnings: 2/19 04:11 pm Check Earnings Report
US:NYSE Investor Relations: ir.aerojetrocketdyne.com/investor-relations
PDF EL SEGUNDO, Calif., March 24, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) today announced payment of the previously-declared $5.00 per share special cash dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend was paid to holders of record as of March 10, 2021. Payment of the special cash dividend was made in connection with the anticipated acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation (NYSE: LMT) in an all-cash transaction previously announced on December 20, 2020. Under the terms of the acquisition agreement, Aerojet Rocketdyne’s payment of the special dividend adjusts the consideration to be paid by Lockheed Martin at closing from $56.00 per share to $51.00 per share. The transaction is expected to close in the second half of 2021, pending receipt of regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and satisfaction of other [Read more]
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