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US FTC delays vote on Lockheed purchase of Aerojet for two weeks: Report

Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through

lockheed martin
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The deal has drawn criticism because it would give Lockheed - the No. 1 defense contractor - a dominant position over a vital piece of the U.S. missile industry

Reuters Washington
The U.S. Federal Trade Commission, which assesses mergers to ensure they comply with antitrust law, has put off a vote on Lockheed Martin's purchase of Aerojet Rocketdyne for as much as two weeks, two people briefed on the matter said.
 
The vote had initially been scheduled for midweek, one of the people said, adding that the extension would allow the FTC more time to evaluate terms for the merger. Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through.
 
The people spoke on

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