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BAE to Buy Armor Holdings

The deal is worth $4.1 billion.

Armor Holdings


, a maker of safety equipment for the military and police, agreed to be acquired by defense company

BAE Systems

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for $4.1 billion.

BAE will buy Armor Holdings for $88 a share, a 7% premium to its Friday closing price of $82.15. The transaction should close in the third quarter.

Shares of Armor Holdings were rising 4.5% to $85.87 in early trading Monday.