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| Version 1 | Version 2 |
|---|---|
| BAE concludes major US takeover | BAE concludes major US takeover |
| (about 23 hours later) | |
| Defence firm BAE Systems has concluded its £2.2bn ($4.5bn) takeover of US military manufacturer Armor Holdings. | |
| The deal, which will hugely expand BAE's US business, was announced in May but was subject to regulatory approval, which has now been completed. | The deal, which will hugely expand BAE's US business, was announced in May but was subject to regulatory approval, which has now been completed. |
| BAE faces a probe by US authorities into whether its business dealings comply with anti-corruption laws. | BAE faces a probe by US authorities into whether its business dealings comply with anti-corruption laws. |
| Its role in a huge 1980s arms deal with Saudi Arabia has come under scrutiny, but the firm has denied any wrongdoing. | Its role in a huge 1980s arms deal with Saudi Arabia has come under scrutiny, but the firm has denied any wrongdoing. |
| Analysts have warned that the US Department of Justice probe could potentially hurt BAE's business in the country. | Analysts have warned that the US Department of Justice probe could potentially hurt BAE's business in the country. |
| The Armor deal, which could ultimately increase BAE's sales by $3bn (£1.6bn), was approved by the US government last month. | The Armor deal, which could ultimately increase BAE's sales by $3bn (£1.6bn), was approved by the US government last month. |
| "The acquisition is a significant step in the implementation of BAE's strategy to develop as the premier global defence and aerospace company," it said in a statement. | "The acquisition is a significant step in the implementation of BAE's strategy to develop as the premier global defence and aerospace company," it said in a statement. |