{"id":740906,"date":"2023-03-16T16:41:01","date_gmt":"2023-03-16T20:41:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aerojet-rocketdyne-stockholders-approve-proposed-acquisition-by-l3harris\/"},"modified":"2023-03-16T16:41:01","modified_gmt":"2023-03-16T20:41:01","slug":"aerojet-rocketdyne-stockholders-approve-proposed-acquisition-by-l3harris","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aerojet-rocketdyne-stockholders-approve-proposed-acquisition-by-l3harris\/","title":{"rendered":"Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris"},"content":{"rendered":"<div class=\"mw_release\">\n<p>EL SEGUNDO, Calif., March  16, 2023  (GLOBE NEWSWIRE) &#8212; Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the \u201cCompany\u201d) announced that at a special meeting held today, its stockholders voted to approve the Company\u2019s proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction.<\/p>\n<p>\u201cWe are pleased with the strong support of our stockholders for this transaction with L3Harris,\u201d said Eileen P. Drake, CEO and president of Aerojet Rocketdyne. \u201cToday\u2019s stockholder approval is another milestone in the process of bringing together our two world-class organizations to accelerate innovation and strengthen competition for national security and space exploration propulsion solutions. We remain focused on completing this transaction and delivering the significant expected benefits for our employees, customers, partners and the communities in which we operate.\u201d<\/p>\n<p>The companies continue to expect to close the transaction in 2023, subject to required regulatory approvals, clearances and other customary closing conditions.<\/p>\n<p>\n        <strong>About Aerojet Rocketdyne Holdings, Inc.<\/strong><br \/>\n        <br \/>Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company\u2019s excess real estate assets. More information can be obtained by visiting the Company\u2019s websites at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0ycmD3HJ2pMeCO-F5TNmbz8unTN-ipax1GRkNE_3BzTcI3XFwkrY-9Xyn3uyQfsa5QsSrqwdnZUAeXx3GLjQZw==\" rel=\"nofollow noopener\" target=\"_blank\">www.rocket.com<\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sU2XJtAuy0ahz8dJrz_RlTEr0lnXJo4WspPAevdbtyz1HKqlEIi0PGm4imiGmp6n-0XogcTyZuYEETrhyaqU0x5WIC187btUYsyInsA0UOU=\" rel=\"nofollow noopener\" target=\"_blank\">www.aerojetrocketdyne.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This communication contains forward-looking statements that involve risks and uncertainties, including, among other things, statements regarding the proposed transaction and the expected benefits and anticipated timing of the proposed transaction. The words \u201cbelieve,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201coutlook,\u201d \u201cscheduled,\u201d \u201cforecast,\u201d and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and Aerojet Rocketdyne cautions you that a number of important factors could cause actual results to differ materially from the results reflected in these forward-looking statements.<\/p>\n<p>Such factors include risks and uncertainties specific to this transaction, including, but not limited to, uncertainties as to the timing of the consummation of the transaction or whether it will be consummated at all (due to failure to obtain stockholder or regulatory approvals or to satisfy all of the other conditions to the transaction), adverse effects on the market price of Aerojet Rocketdyne\u2019s common stock and on Aerojet Rocketdyne\u2019s operating results if the transaction is not consummated for any reason, failure by the parties to successfully integrate their respective businesses, processes and systems in a timely and cost-effective manner, significant transaction costs, unknown liabilities, the success of Aerojet Rocketdyne\u2019s business following the transaction, potential litigation relating to the transaction, general economic and business conditions that affect Aerojet Rocketdyne following the transaction, and other economic, business, competitive and\/or regulatory factors affecting the proposed transaction.<\/p>\n<p>In addition to the factors mentioned above, factors relating to future financial operating results that could cause actual results to differ materially from those described herein include, but are not limited to: the ongoing effects of the COVID-19 pandemic; reductions, delays or changes in U.S. government spending; cancellation or material modification of one or more significant contracts; a significant decrease in the demand for the products Aerojet Rocketdyne offers as a result of changing economic or geopolitical conditions or other factors; failure to secure contracts; actions by competitors offering similar products; regulatory, legislative and technological developments that may affect the demand for or costs of Aerojet Rocketdyne\u2019s products; and other factors discussed under \u201cRisk Factors\u201d in Aerojet Rocketdyne\u2019s Annual Report on Form 10-K filed on February 15, 2023 with the U.S. Securities and Exchange Commission.<\/p>\n<p>These statements are based on assumptions that may not come true. All forward-looking disclosure is speculative by its nature, and investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Aerojet Rocketdyne undertakes no obligation to update any of the forward-looking information included in this communication, whether as a result of new information, future events, changed expectations or otherwise.<\/p>\n<p>Contact information:<br \/>Investors: Kelly Anderson, investor relations 310-252-8155<br \/>Media: Steve Warren, vice president, communications 703-650-0278<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5MDIxMyM1NDY3MjYwIzIwMDcyOTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjU0OGU4Y2UtY2M2YS00NGM0LWJiN2YtOGQ5YzJjZjVmMTgxLTEwMTg4Njg=\/tiny\/Aerojet-Rocketdyne-Holdings-In.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EL SEGUNDO, Calif., March 16, 2023 (GLOBE NEWSWIRE) &#8212; Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the \u201cCompany\u201d) announced that at a special meeting held today, its stockholders voted to approve the Company\u2019s proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction. \u201cWe are pleased with the strong support of our stockholders for this transaction with L3Harris,\u201d said Eileen P. Drake, CEO and president of Aerojet Rocketdyne. \u201cToday\u2019s stockholder approval is another milestone in the process of bringing together our two world-class organizations to accelerate innovation and strengthen competition for national security and space exploration propulsion solutions. We remain focused on completing this transaction and delivering the significant expected benefits for our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aerojet-rocketdyne-stockholders-approve-proposed-acquisition-by-l3harris\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-740906","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aerojet-rocketdyne-stockholders-approve-proposed-acquisition-by-l3harris\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EL SEGUNDO, Calif., March 16, 2023 (GLOBE NEWSWIRE) &#8212; Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the \u201cCompany\u201d) announced that at a special meeting held today, its stockholders voted to approve the Company\u2019s proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction. \u201cWe are pleased with the strong support of our stockholders for this transaction with L3Harris,\u201d said Eileen P. Drake, CEO and president of Aerojet Rocketdyne. \u201cToday\u2019s stockholder approval is another milestone in the process of bringing together our two world-class organizations to accelerate innovation and strengthen competition for national security and space exploration propulsion solutions. 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(NYSE: AJRD) (or the \u201cCompany\u201d) announced that at a special meeting held today, its stockholders voted to approve the Company\u2019s proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction. \u201cWe are pleased with the strong support of our stockholders for this transaction with L3Harris,\u201d said Eileen P. Drake, CEO and president of Aerojet Rocketdyne. \u201cToday\u2019s stockholder approval is another milestone in the process of bringing together our two world-class organizations to accelerate innovation and strengthen competition for national security and space exploration propulsion solutions. 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