Military technology contractor Titan ( TTN) was higher in Friday's premarket despite after agreeing to delay its acquisition by Lockheed Martin ( LMT) as allegations of improper payments by foreign consultants are probed.

Titan said Friday it was pushing back a special meeting of shareholders to vote on the acquisition, under which Lockheed would pay $22 a share, or about $2.4 billion. The vote will now occur April 12 instead of March 16. Traders were evidently relieved Friday's announcement wasn't a full-blown cancellation, and recently bid up Titan 96 cents, or 5%, to $20.40 on the Instinet premarket session.

The merger, which was announced in September, was thrown into doubt over the last month when Lockheed uncovered the consultant payments and Titan subsequently said they were being investigated by the Justice Department under an anti-bribery law.

In Friday's release, the companies said they were also pushing back the date by which either may terminate the merger agreement. The new date is April 20 instead of March 31.