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-0.00370493516363466 0.000767903228360124 6.33322250193604E-05 -0.00259662122579524 0.00619072499564588 0.00349910543232155 0.00151997340046544 0.00151997340046544
Stock impact report

Elbit Systems U.S. Subsidiary Signs Definitive Agreement to Acquire Sparton Corporation

Elbit Systems Ltd. - Ordinary Shares (ESLT) 
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am Check Earnings Report
US:NASDAQ Investor Relations: ir.elbitsystems.com
Company Research Source: PR Newswire
HAIFA, Israel, Dec. 23, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), has signed a definitive agreement with an affiliate of Cerberus Capital Management, L.P. for the acquisition of Sparton Corporation ("Sparton") for a purchase price of $380 million.   The transaction is conditioned on various closing conditions, including receipt of U.S. regulatory approvals, the pursuit of which could encompass a number of months. Headquartered in De Leon Springs, Florida, Sparton is a premier developer, producer and supplier of electronic systems supporting Undersea Warfare for the U.S. Navy and allied military forces.Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "The acquisition of Sparton will strengthen Elbit Systems of America's capabilities and will enable expansion of activities in the naval arena. We believe this acquisition will Show less Read more
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