Aerojet Offer For Troubled ULA: A Savvy Play?

Credit: Atlas V: ULA
What is a company to do if it can’t get rights to a competitor’s coveted product? If you are Aerojet, just offer to buy that competitor—or at least float the idea. The Wall Street Journal reports that Aerojet has made an all-cash offer of $2 billion for United Launch Alliance, a 50/50 joint venture...

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