GENERAL DYNAMICS in unsolicited offer for Newport News.
GENERAL DYNAMICS made an unsolicited offer to buy all Newport News Shipbuilding's outstanding shares for $38.50 per share, or about $1.48 billion. Newport News closed yesterday at $28.44, up $0.62. GD closed at $60. 06, up $1.94. Newport News announced a proposed merger with Avondale Industries on...
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