AeroVironment to buy BlueHalo for $4.1 billion in shares, boosting earnings and revenue.

AeroVironment, a defense contractor, plans to acquire BlueHalo, a tech company, for about $4.1 billion through an all-share deal. Expected to close by mid-2025, AeroVironment will issue around 18.5 million shares. Post-acquisition, AeroVironment's shareholders will own about 60.5% of the combined entity, with BlueHalo's shareholders holding 39.5%. The deal aims to enhance AeroVironment's earnings and revenue.

November 19, 2024
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