New - Confirmed, Undisclosed SEC investigative activity found. On 18-Dec-2022, L3Harris Technologies (LHX) announced a deal to acquire Aerojet Rocketdyne for $4.7 billion, or $58 per share. Aerojet is added to the DI Focus and Watch Lists because we recently found an undisclosed SEC investigation at Aerojet which could adversely impact the deal before the close, or the capacity for L3Harris to fully realize expected benefits after it closes. (PDF with full report only visible if logged-in)
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Important: The SEC reminds us that its assertion of the law enforcement exemption should not be construed as an indication by the Commission or its staff that any violations of law have occurred with respect to any person, entity, or security. The data reflected in this report are only current as of the dates indicated for each individual company. SEC investigative activity could theoretically begin or end after the date covered by the latest information in this report which would not be reflected here. Similarly, public company disclosures made since the dates indicated herein could impact your analysis.
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