QinetiQ Group Plc To Acquire Manufacturing Techniques Inc

  • Oct 02, 2019 BST
  • Team Kalkine

QinetiQ Group Plc (QQ) has entered into an agreement to acquire Manufacturing Techniques Inc.

The transaction is for a consideration of $105 million in cash on completion and an earn-out of up to $20 million payable in cash and shares over 3 years linked to financial targets.

The acquisition will accelerate company’s growth in the US market and strengthen implementation of its global growth and innovation strategy across the Group.

On 2nd October 2019, at the time of writing, GMT 08:33 AM, QQ. shares were trading at GBX 294.00, up by 2.40 points or 0.82% against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK