Lockheed Gets Clearance to Buy Titan
From Reuters
Defense contractor Lockheed Martin Corp. said it received antitrust clearance for its $1.8-billion planned acquisition of Titan Corp., a provider of information technology to the U.S. government.
Lockheed said the deal was expected to close in the first quarter of 2004, pending approval by Titan’s stockholders.
Lockheed shares closed up $1.01 at $48.43 and Titan finished up 16 cents at $21.63. Both are traded on the NYSE.
