Anteon shareholders approve GD deal
- By Roseanne Gerin
- Mar 03, 2006
Stockholders of Anteon International Corp. today voted in favor of the IT company's sale to defense giant General Dynamics Corp.
Of the 73 percent outstanding Anteon shares voted, about 98 percent were cast in favor of the deal, Anteon publicly announced after the markets closed.
General Dynamics Corp. of Falls Church announced
it was acquiring Anteon International Corp. for $2.2 billion in last December.
When the acquisition closes, holders of Anteon common stock will receive $55.50 in cash for each common share they own. Anteon expects the transaction to close by the end of the second quarter.
The deal will consolidate
two top 20 companies on Washington Technology's Top 100 list.
Based in Fairfax, Va., Anteon is an IT and systems engineering and integration company whose primary customer is the federal government. The company employs more than 9,500 workers worldwide and had 2004 revenue of almost $1.3 billion. It ranks No. 13 on Washington Technology's 2005 Top 100 list of federal prime contractors.
General Dynamics is ranked No. 5 on the 2005 list. The company had $21.2 billion in revenue.