FTC Pressure May Kibosh the Biggest Semiconductor Deal in History, Lockheed Martin Up Next
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Defense contractor Lockheed Martin is not used to being in the crosshairs — normally, its job is to make the crosshairs.
On Tuesday, all that changed when the Federal Trade Commission (FTC) turned its scope on the missile manufacturer and launched a lawsuit to stop its planned $4.4 billion acquisition of rocket engine company Aerojet Rocketdyne. At the same time chipmaker Nvidia, already in the vice grip of the regulator, reportedly planned to bail on the biggest semiconductor acquisition in history.
Source Fool.com
