On Wednesday afternoon, Axsys Technologies(AXYS Quote) announced that it has put itself up for sale in an auction that has already drawn first-round bids from various defense contract companies.
Axsys said in a public statement that the company's declining stock price has led to an "increasing number of overtures from interested strategic buyers." Rumors are that one of the major defense contractors, such as Northrop Grumman(NOC Quote), General Dynamics(GD Quote), Boeing(BA Quote), Lockheed Martin(LMT Quote) or Raytheon(RTH Quote), will be the ultimate buyer of Axsys. To read more, visit Stockpickr.com.Who's on Stockpickr Answers? David Peltier will be on Stockpickr Answers on March 13 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.08
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.21
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
Data delayed 20 minutes |
