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| NOC > SEC Filings for NOC > Form 8-K on 10-Nov-2009 | All Recent SEC Filings |
10-Nov-2009
Other Events
On November 8, 2009, Northrop Grumman Corporation (the "Company") issued a
press release announcing that it has signed an agreement to sell TASC, Inc., the
Company's advisory services business, for $1.65 billion in cash to an investor
group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts &
Co. L.P. The transaction is expected to generate net cash proceeds, after taxes,
of approximately $1.1 billion. Completion of the transaction is subject to
customary regulatory conditions, including Hart-Scott-Rodino approval. The
transaction is expected to close by the end of 2009. The Company also announced
in the press release that its Board of Directors has separately approved an
increase of $1.1 billion to the Company's prior $2.5 billion share repurchase
authorization, on which approximately $280 million remained at the end of the
third quarter of 2009. The Company expects to use the net proceeds from the sale
of TASC, Inc. to repurchase shares of the Company's common stock. The press
release dated November 8, 2009 announcing the agreement to sell TASC, Inc. and
the increase in the Company's share repurchase program is furnished as
Exhibit 99.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
Furnished
Exhibit 99 Press release dated November 8, 2009
Signature(s) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 10, 2009 By: /s/ Joseph F. Coyne, Jr.
Exhibit Index
Exhibit No. Description of Exhibit
Exhibit 99 - Furnished Press release dated November 8, 2009
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