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General Dynamics Makes Bid for Virginia's Newport News Shipbuilding.
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Knight Ridder/Tribune Business News
Feb. 19 -- General Dynamics Corp. has offered to buy Newport News Shipbuilding for $1.35 billion in cash, but the big Peninsula shipyard reacted tepidly, citing antitrust concerns and its planned takeover of Avondale Industries Inc.
A takeover of Newport News Shipbuilding by Falls Church-based General Dynamics would likely break up the Avondale deal and might even lead to the loss of thousands of Peninsula jobs.
Newport News Shipbuilding employs 18,000 workers designing and building Navy aircraft carriers and submarines and ...
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YARD GIVES UP ON AVONDALE NEWPORT NEWS SHIPBUILDING DECIDES AGAINST RAISING BID FOR YARD.(BUSINESS)
Newspaper article from: The Virginian Pilot
; ...DINSMORE, STAFF WRITER Newport News Shipbuilding won't fight for its merger...William P. Fricks, Newport News Shipbuilding's chairman and CEO, said...also has offered to buy Newport News Shipbuilding in a stock swap worth...
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PENTAGON SINKS SHIPYARD DEAL COHEN RULES OUT GENERAL DYNAMICS' BID TO TAKE OVER NEWPORT NEWS SHIPBUILDING.(FRONT)
Newspaper article from: The Virginian Pilot
; ...Dynamics' plan to acquire Newport News Shipbuilding, as Newport Newsagreed...decision also allows Newport News Shipbuilding to consummate its purchase...work cooperatively with Newport News Shipbuilding on new submarines and...
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Virginia's Newport News Shipbuilding Sees Stock Soar on Bid News.
Newspaper article from: Knight Ridder/Tribune Business News
; ...Tribune Business News May 8 -- Newport News Shipbuilding stock soared as much as $7.50...s a 29 percent premium over Newport News Shipbuilding's Thursday close of $27 a share. Newport News Shipbuilding said it is talking to Litton...
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MERGER WOULD THREATEN JOBS GENERAL DYNAMICS CORP. SAID ON FRIDAY THAT NEWPORT NEWS SHIPBUILDING WOULD BE KEPT OPEN SHOULD IT ACQUIRE THE PENINSULA SHIPYARD, BUT IT MADE NO PROMISES ABOUT WHETHER IT WOULD KEEP NEWPORT NEWS' SUBMARINE-BUILDING FACILITY AND ITS 6,000 TO 8,000 JOBS. REP. HERB BATEMAN URGES THE PENTAGON TO REJECT THE OFFER.(FRONT)
Newspaper article from: The Virginian Pilot
; ...Friday to keeping both Newport News Shipbuilding and Electric Boat open...1.35 billion cash for Newport News Shipbuilding, gave no indication as...ere's zero likelihood that Newport News Shipbuilding, which employs 18,000...
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Virginia's Newport News Shipbuilding to Acquire New Orleans Shipyard.
Newspaper article from: Knight Ridder/Tribune Business News
; ...Business News Jan. 20 -- Newport News Shipbuilding announced Tuesday that...will make debt-laden Newport News Shipbuilding a much healthier company...with Avondale extends Newport News Shipbuilding's aircraft carrier and...
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Virginia-Based Newport News Shipbuilding Breaks Ground on New Center.
Newspaper article from: Knight Ridder/Tribune Business News
; ...chill the enthusiasm of Newport News Shipbuilding, Navy, Virginia and city...carrier in coming years. Newport News Shipbuilding lobbied the Virginia...carrier delivered by Newport News Shipbuilding will be in service in...
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NEWPORT NEWS SHIPBUILDING AN IMPORTANT TANKER.(COMMENTARY)(Editorial)
Newspaper article from: The Virginian Pilot
; ...But make no mistake: Newport News Shipbuilding nonetheless had every...slide down the ways at Newport News Shipbuilding, which is the only yard...With the Cold War over, Newport News Shipbuilding is learning how to produce...
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NEWPORT NEWS SHIPBUILDING SIGNS CONTRACT FOR ATTACK SUBS.(BUSINESS)
Newspaper article from: The Virginian Pilot
; ...DINSMORE, STAFF WRITER Newport News Shipbuilding and General Dynamics...adds $2.1 billion to Newport News Shipbuilding's backlog, making it...said William P. Fricks, Newport News Shipbuilding's chairman and CEO...
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NEWPORT NEWS SHIPBUILDING REPORTS A STRONG FIRST QUARTER.(BUSINESS)
Newspaper article from: The Virginian Pilot
; ...construction program, Newport News Shipbuilding reported a first quarter...from 38 cents. In March, Newport News Shipbuilding set aside $150 million...chief financial officer. Newport News Shipbuilding's stock slipped 25 cents...
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NEWPORT NEWS SHIPBUILDING PARTNER FILES FOR BANKRUPTCY.(BUSINESS)
Newspaper article from: The Virginian Pilot
; ...WRITER Hvide Marine Inc., Newport News Shipbuilding's partner in the ownership...owns 51 percent and Newport News Shipbuilding owns 49 percent, said...many twists and turns,] Newport News Shipbuilding has lost about $320 million...
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