Armor Holdings bought for $4.1bn

, a manufacturer of tactical wheeled vehicles, security products and vehicle armour systems, has entered into an agreement to be acquired by

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BAE Systems has agreed to acquire all of the outstanding stock of Armor Holdings for $4.1bn, or a price per common share of $88.00 through a one-step merger.

The transaction is subject to approval of Armor Holdings, shareholders and to customary closing conditions, including compliance with The Hart-Scott-Rodino Antitrust Improvements Act and approval under the Exon-Florio National Security Test for Foreign Investment.

The transaction is expected to close in the third quarter.