Leonardo DRS To Buy Raft In All-Cash Deal Valued At $450 Mln - DRS News | RalliesLeonardo DRS To Buy Raft In All-Cash Deal Valued At $450 Mln
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DRS• Leonardo DRS to buy Raft in all-cash deal
- Leonardo DRS will buy Raft in an all-cash deal valued at $450 million.
- The acquisition is expected to be accretive to adjusted diluted EPS in the first full year.
- Leonardo DRS said it will fund the deal with cash on hand and its revolving credit facility.
- The company expects a $50 million tax benefit over 15 years from the deal.
