Saturday 19 January 2019

BAE's Norkom offer

BAE Systems has said its offer for security software firm Norkom has been declared unconditional in all respects.

In January, BAE made an offer for the Irish firm, which valued it at €217m.

Under the terms of the deal, Norkom shareholders will receive €2.10 in cash for each share they own.

BAE said that by Saturday it had received valid acceptances representing about 84.3pc of Norkom's shares.

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