Defense contractor General Dynamics said it agreed to acquire smaller rival Force Protection Inc for $360 million. The offer price of $5.52 a share is 31 percent more than Force Protection shares' Friday closing price of $4.21.
Force Protection, Inc. (Force Protection) provides survivability solutions to support the armed forces of the United States and its allies. Shares of FRPT remained unchanged at $4.21. In the past year, the shares have traded as low as $3.27 and as high as $6.00. On average, 408989 shares of FRPT exchange hands on a given day and today's volume is recorded at 0.
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