Just a quick post to comment on the results of the LMT/LDOS exchange. To quickly recap, LMT sold a subsidiary business to LDOS using a Reverse Morris Trust. LMT shareholders were given the option to tender their shares of LMT in exchange for shares of LDOS at a 10% discount (said differently, for each $100 of LMT tendered and accepted, $111 of LDOS would be received).

The deal was subject to an...

 

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