Hello, Guest!
  • Saturday, April 20, 2024

Carlyle Group Reduces Booz Allen Ownership Stake to 37%


BoozAllenLogoAn affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share.

Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock.

The firm added that it also plans to repurchase 1 million shares of Class A common stock from Carlyle concurrent with the underwritten offering.

J.P. Morgan has offered to sell the shares periodically through one or more over-the-counter transactions on the New York Stock Exchange.

Video of the Day

Related Articles

Arcline Investment Management Strikes $1.8B Deal for Kaman M&A Activity

Arcline Investment Management Strikes $1.8B Deal for Kaman

Private equity firm Arcline Investment Management has agreed to acquire Kaman (NYSE: KAMN), a Bloomfield, Connecticut-based aerospace and defense contractor, for approximately $1.8 billion, or $46 per share in cash.

L3Harris Strikes $800M Deal to Divest Commercial Aviation Business; Christopher Kubasik Quoted M&A Activity

L3Harris Strikes $800M Deal to Divest Commercial Aviation Business; Christopher Kubasik Quoted

An affiliate of private equity firm TJC has agreed to acquire the commercial aviation solutions business of L3Harris Technologies (NYSE: LHX) for approximately $800 million. L3Harris said Monday it expects the transaction to conclude in the first half of 2024, subject to regulatory approvals and other customary closing conditions. “Today’s announcement is consistent with our

Viasat Closes Inmarsat Purchase; Mark Dankberg Quoted M&A Activity

Viasat Closes Inmarsat Purchase; Mark Dankberg Quoted

Viasat (Nasdaq: VSAT) has closed its acquisition of U.K.-based satellite communication services provider Inmarsat as part of a move to bring additional satcom offerings to the government and other sectors. “The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more