Hughes to pay Raytheon $635.5 million in merger dispute settlement

Raytheon Co. and Hughes Electronics Corp. have settled a $1 billion 1997 merger dispute, with Hughes agreeing to pay Raytheon $635.5 million. Under terms of the price adjustment agreement relating to Raytheon's merger with Hughes Defense, Hughes Electronics will reimburse Raytheon $635.5 million of...

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