Summary
General Dynamics Corporation (GD) announced the completion of its acquisition of Motorola Inc.'s Integrated Information Systems Group on September 28, 2001. This significant transaction was valued at $825 million in cash and will integrate the acquired business into a new entity named General Dynamics Decision Systems. This acquisition represents a strategic move to expand GD's capabilities within the information systems sector. Investors should note that this filing serves as the official notification of the transaction's closing and is accompanied by a press release detailing the event. The integration of this business is expected to contribute to GD's future growth and market position.
Key Highlights
- 1General Dynamics Corporation (GD) completed the acquisition of Motorola Inc.'s Integrated Information Systems Group.
- 2The acquisition was finalized on September 28, 2001.
- 3The total cash consideration for the acquisition was $825 million.
- 4The acquired business will be integrated and operate under the new name, General Dynamics Decision Systems.
- 5The filing includes a press release (Exhibit 99.1) announcing the completion of the acquisition.
- 6The transaction is reported under Item 5 (Other Events) of the 8-K filing.