Boeing to Buy Argon for $775 Million (BA, STST)

NEW YORK (TheStreet) -- Boeing BA said it will buy defense systems developer Argon STST in an all-cash tender offer and merger for $34.50 a share, or about $775 million, to expand its ability to address the cyber and intelligence markets. The offer is roughly a 41% premium to Argon's closing price Tuesday of $24.43. Boeing plans to fund the transaction with existing cash and said that the acquisition is expected to have little impact on its earnings. To read the rest of this article, click here.