January 14, 1997 in Nation/World

Raytheon Leading Hughes Bid Fight

From Staff And Wire Reports
 

Raytheon Co. appears to be leading the bidding war with Northrop Grumman Corp. to acquire the defense assets of GM’s Hughes Electronics for about $9.5 billion, The Wall Street Journal said Monday.

Officials of General Motors Corp. were close to deciding a winner in the bidding battle for the Hughes missile and defense-electronics holdings but the outcome had not yet been announced, the report said.

Get stories like this in a free daily email


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus