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Magellan to Merge with Lowrance Electronics in Orbital Pact
Magellan Corporation will merge with Lowrance Electronics of Tulsa and Orbital Sciences to form a $150 million satellite based consumer electronics business under the Magellan name. The deal uses stock swaps. Lowrance shareholders receive Orbital shares valued at about $27.5 million or $7.30 per Lowrance share.
MENTIONED IN THIS ARTICLE
Magellan Corporation
Lowrance Electronics
Inc
Tulsa, OK
Magellan
Orbital Sciences Corporation
ORB
Orbital
David W. Thompson
Lawrance Electronics
Lawrence
Lowrance Common