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0 0 0 0.00819672131147541 0.00819672131147541 0.0145901639344262 -0.00811475409836061 -0.00819672131147541
Stock impact report

Why AeroVironment Stock Raced 4% Higher Today [Yahoo! Finance]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Company Research Source: Yahoo! Finance
The drone manufacturer essentially got the shareholder green light to proceed with an acquisition, and the market greeted this by pushing the stock more than 4% higher on the day. This was more than good enough to top the bellwether S&P 500 index's 0.7% rise. Just after market close Tuesday, AeroVironment announced that a stockholder vote approved a fresh issue of the company's common stock to help fund its acquisition of privately held peer BlueHalo. According to management, over 99% of the votes were in favor of the measure. Last November, AeroVironment agreed to purchase BlueHalo in an all-stock transaction valued at around $4.1 billion . The latter is in the portfolio of private equity firm Arlington Capital Partners, and concentrates on next-generation defense technology such as laser weapon systems. At the time, AeroVironment said that the move "will create a diversified defense tech company with a highly complementary and differentiated portfolio of solutions" in a range Show less Read more
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