M&A
confidence high
sentiment neutral
materiality 0.75
HII to acquire Alion Science and Technology for $1.65 billion in cash
HUNTINGTON INGALLS INDUSTRIES, INC.
- HII acquires all outstanding common stock of Alion Holding Corp. for $1.65B cash, subject to working capital and purchase price adjustments.
- Closing conditioned on antitrust approvals and no material adverse effect; no financing contingency.
- If antitrust approval fails or HII cannot obtain financing, HII pays a termination fee of $82.5 million.
- Acquisition must close by April 4, 2022, unless extended.