Avondale Sets Shareholder Meeting Date.NEW ORLEANS--(BUSINESS WIRE)--June 25, 1999-- Avondale Avondale may refer to: In United States geography:
If the merger is completed, Avondale's shareholders will receive $39.50 in cash for each share of Avondale common stock they hold. After the merger, Avondale will become a wholly-owned subsidiary of Litton. The merger is subject to Avondale shareholder approval, U. S. regulatory review and other customary closing conditions. Subject to the foregoing, the merger is expected to be completed in the third quarter of 1999. Avondale Industries, Inc. based in metro New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , designs, builds and overhauls ships for the U.S. Navy, the U.S. Coast Guard and commercial customers. Litton is a leader in worldwide technology markets for advanced electronic, defense and information systems, and is a major designer and builder of surface combatant A ship constructed and armed for combat use with the capability to conduct operations in multiple maritime roles against air, surface and subsurface threats, and land targets. ships for the U.S. Navy and allied nations. |
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