Aerojet gains on report sale to L3Harris may close as early as this week (NYSE:AJRD)

Aerojet Rocketdyne (NYSE:AJRD) rose 1.3% on a report that its planned sale to L3Harris (NYSE:LHX) may close as early as this week after its expected to win Federal Trade Commission approval.

Aerojet (AJRD) and L3Harris (LHX) are expecting the $4.7 billion sale to close as early as this week, according to a Dealreporter item, that cited sources familiar with the matter. Traders earlier Wednesday circulated a Capitol Forum report that the merging parties were more optimistic about FTC approval for the combination.