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2VZ — Leonardo DRS News Story

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Brief: Leonardo DRS To Buy Raft In All-Cash Deal Valued At $450 Mln

BRIEF-Leonardo DRS To Buy Raft In All-Cash Deal Valued At $450 Mln

- Leonardo DRS Inc DRS.O:

  • LEONARDO DRS - TO BUY RAFT IN ALL-CASH DEAL VALUED AT $450 MILLION

  • LEONARDO DRS - ACQUISITION EXPECTED TO BE ACCRETIVE TO ADJUSTED DILUTED EPS IN FIRST FULL YEAR

  • LEONARDO DRS - TO FUND DEAL WITH CASH ON HAND AND REVOLVING CREDIT FACILITY

  • LEONARDO DRS - EXPECTS $50 MILLION TAX BENEFIT OVER 15 YEARS FROM DEAL


((Reuters.Briefs@thomsonreuters.com;))

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