Lockheed Martin buying Aerojet Rocketdyne in $4.4B deal 

The all-cash deal works out to $56 per share for Aerojet Rocketdyne (NYSE:AJRD), or $51 after the payment of a special $5 per share pre-closing dividend. Aerojet Rocketdyne closed at $42.04 on Friday.Lockheed Martin (NYSE:LMT) CEO James Taiclet: “This transaction enhances Lockheed Martin’s support of critical U.S. and allied security missions and retains national leadership in space and hypersonic technology.”The special dividend will go to AJRD owners as of March 10, and be payable on March 24.

Source: Lockheed Martin buying Aerojet Rocketdyne in $4.4B deal (NYSE:AJRD) | Seeking Alpha