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Lockheed, Titan delay deal

  • Mar 18, 2004
Lockheed Martin Corp. and Titan Corp. have delayed a shareholder vote on the $2.4 billion deal to acquire Titan. The Securities and Exchange Commission is investigating allegations that Titan of San Diego made illegal payments to consultants in foreign countries.

Titan shareholders were to vote on the deal March 16. The new date is set for April 12.

 

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