UK defence firm taken over by General Dynamics

US defence giant General Dynamics is to acquire British military manufacturing company Alvis in a deal worth £309m (€454m).

UK defence firm taken over by General Dynamics

US defence giant General Dynamics is to acquire British military manufacturing company Alvis in a deal worth £309m (€454m).

Alvis stock rose nearly 40% on news of the bid while directors said the deal would bring high tech know-how to the company.

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