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Northrop Grumman Spins of TASC unit to General Atlantic and KKR for $1.65 billion (NOC,KKR)

Nov 08, 2009 (SmarTrend(R) News Watch via COMTEX) --

Companies: Northrop Grumman Corp. (NOC)

11/8/2009-Northrop Grumman (NYSE:NOC) has reportedly agreed to sell its TASC consulting business to two companies, General Atlantic and Kohlberg Kravis Roberts & Co. (NYSE:KKR), in a deal worth $1.65 billion. The deal is expected to close in the fourth quarter.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Companies: Northrop Grumman Corp. (NOC)


Related terms: business, consulting, market, nyse, securities

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