Goodwin reportedly nears £1 billion defence-business sale

The Financial Times reported that Cerberus was close to a deal worth about £1 billion to acquire Goodwin’s ($GDWN) defence business. Reuters included the report in its market coverage as Goodwin shares closed 23.2% lower. The story concerns media-reported negotiations and should not be read as confirmation that a sale has been completed.

Sources:

• Reuters, citing the FT — Goodwin report and share-price reaction