RADA Agrees To All-Stock Merger With Leonardo DRS
RADA Agrees To All-Stock Merger With Leonardo DRS
拉達同意與萊昂納多DRS進行全股票合併
- RADA Electronic Industries Ltd.(NASDAQ:RADA), an Israel-based provider of small-form tactical radars, and Leonardo DRS Inc have agreed to merge and become a combined public company.
- U.S.-based mid-tier defense technology provider Leonardo DRS is a wholly-owned subsidiary of Leonardo S.p.A. (OTC:FINMY).
- Leonardo DRS will acquire 100% of the share capital in RADA in exchange for ~19.5% equity ownership in the combined company to RADA shareholders.
- The combined company will maintain the name Leonardo DRS and is anticipated to trade on NASDAQ and TASE under the symbol "DRS."
- RADA will become a wholly-owned subsidiary of Leonardo DRS.
- RADA expects the transaction to be accretive to earnings per share in year one.
- The 19.5% ownership in the combined company provided to RADA shareholders was designed to provide a premium of over 20% (based on RADA 30-day VWAP as of June 17, 2022, of $11.76).
- The combined company had revenue of $2.7 billion and $305 million of Adjusted EBITDA in FY21.
- The combined company targets a low teen Adjusted EBITDA CAGR through FY23 from an FY21 base of $305 million.
- Price Action: RADA shares are trading lower by 3.35% at $11.25 and FINMY higher by 10.93% at $5.38 on the last check Tuesday.
- 瑞達電子工業有限公司(納斯達克：RADA)，一家總部位於以色列的小型戰術雷達提供商，以及萊昂納多DRS公司已同意合併，成為一家合併後的上市公司。
- 總部位於美國的中端國防技術提供商萊昂納多DRS是萊昂納多公司(場外交易代碼：FINMY)的全資子公司。
- 萊昂納多DRS將收購RADA 100%的股本，以換取RADA股東在合併後公司約19.5%的股權。
- 合併後的公司將保留萊昂納多·DRS的名稱，預計將在納斯達克和TASE以“DRS”的代碼進行交易。
- Rada將成為萊昂納多DRS的全資子公司。
- Rada預計，這筆交易將在第一年增加每股收益。
- 向RADA股東提供的合併後公司19.5%的所有權旨在提供超過20%的溢價(根據截至2022年6月17日的RADA 30天VWAP，11.76美元)。
- 合併後的公司在21財年的收入為27億美元，調整後的EBITDA為3.05億美元。
- 合併後的公司目標是從21財年3.05億美元的基礎上，到23財年實現較低的青少年調整後EBITDA年複合增長率。
- 價格行動：在週二的最後一次檢查中，Rada的股價下跌了3.35%，至11.25美元，FINMY上漲了10.93%，至5.38美元。
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。