Finmeccanica to offer $5.26 billion for DRS: source
ROME (Reuters) - Italian aerospace company Finmeccanica Spa (SIFI.MI: Quote, Profile, Research, Stock Buzz) is to make a friendly takeover bid worth 3.4 billion euros ($5.26 billion) for DRS Technologies Inc (DRS.N: Quote, Profile, Research, Stock Buzz) of the United States, sources close to the deal said late on Monday.
Sources said the board of Finmeccanica, in which the Italian Treasury has a nearly 34 percent stake, had decided the details of the offer at a seven-hour board meeting. No other details were immediately available.
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