Leonardo DRS Inks $450M All-Cash Agreement To Acquire Virginia-Based Raft
Leonardo DRS, Inc. (NASDAQ:DRS) today announced that it has entered into a definitive agreement to acquire Raft LLC ("Raft") in an all-cash transaction valued at $450 million. Founded in 2018 and headquartered
Leonardo DRS is buying a company called Raft for $450 million in cash. When a company spends big money on another company, watch to see if it helps them make more money or grow stronger over time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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