Short Take: Northrop down, Lockheed rallies on news of nixed merger
Shares of Northrop Grumman tumbled while Lockheed Martin stock rallied following news that the companies' proposed $10.7 billion merger had been abandoned. Analysts said the news of the deal's collapse--under pressure from government opposition on antitrust grounds--removed a cloud of uncertainty that had been hanging over Lockheed.
Shares of tumbled
while Lockheed Martin stock rallied
following news that the companies' proposed $10.7 billion merger had been
abandoned. Analysts said the news of the deal's collapse--under pressure
from government opposition on antitrust grounds--removed a cloud of
uncertainty that had been hanging over Lockheed.