Global Strategies Group files registration for proposed IPO of US defense technology business
Global Strategies Group (GLOBAL), one of the world’s leading providers of integrated security and defense technology, has some big news today: Its US defense technology business, Global Defense Technology & Systems, Inc. — better known as GLOBAL Defense Technology — has just filed a registration statement with the SEC for a proposed initial offering of its common stock. GLOBAL Defense Technology & Systems is the newly renamed holding company of Global Strategies Group (North America) Inc., which is headed by John Hillen, whom we named one of the 20 people to watch this year. Not yet determined: the number of shares to be offered or the price range for the offering. However, the shares of common stock to be sold in the offering are proposed to be sold by GLOBAL Defense Technology and certain stockholders. Also, GLOBAL Defense Technology intends to apply to have its common stock listed on the Nasdaq Global market under the ticker symbol “GTEC.”
Posted by Staff Writer
on Friday, September 4th, 2009. Filed under General.
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