BAE Systems Completes Atlantic Marine Holding Co Buy For $352M

14th Jul 2010 07:57

LONDON (Dow Jones)--Aerospace and defense firm, BAE Systems PLC (BA.LN) said Wednesday it has completed the acquisition of all of the stock of Atlantic Marine Holding Company for $352 million in cash. MAIN FACTS: -Atlantic Marine Holding Company is a vessel maintenance, repair, overhaul, and conversion, marine fabrication, and ship construction services provider with operations at Mayport and Jacksonville, Florida, Moss Point, Mississippi, and Mobile, Alabama. -Shares closed Tuesday at 328.5 pence valuing the company at GBP11.2 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 14, 2010 02:57 ET (06:57 GMT)