Carlyle Group Reduces Booz Allen Ownership Stake to 37%

BoozAllenLogo
An 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...

Level 3 Buy of TW Telecom Set for Nov. 5 Closure

acquisition
Level 3 Communications (NYSE: LVLT) and tw telecom (NASDAQ: TWTC) shareholders have voted to move forward with Level 3’s acquisition of tw telecom, which the companies expect to close before an earnings call next week. Level 3 said Tuesday the majority has also agreed on the allocation of common stock to tw telecom stockholders and to increase the number of those authorized shares. The...

Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock. The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. 26 to shareholders of record...

Oracle to Begin 2nd Tender Offer Period for Remaining MICROS Shares

acquisition
A subsidiary of Oracle (NASDAQ: ORCL) will begin a second tender offer period for shares of MICROS Systems (NASDAQ: MCRS) following the completion of the initial tender offer on Tuesday. Oracle said Wednesday that its Rocket Acquisition arm has tendered around 82.8 percent of the MICROS outstanding shares, with the remaining shares expected to be acquired in the new offering period. Oracle...

Richard Montoni: MAXIMUS’ $150M Stock Buyback Plan Wins Board Approval

Richard Montoni
Richard Montoni The board of directors at MAXIMUS (NYSE: MMS) has approved the company’s plan to repurchase as much as $150 million in company shares. MAXIMUS said Monday that shares acquired through the repurchase program will be held as treasury stock and be used for employee stock issuance and general corporate purposes. “Our solid financial position gives us the ability to continue repurchasing...

CSC Declares Quarterly Dividend of 20 Cents

The board of directors of Falls Church, Va.-based Computer Sciences Corp. (NYSE: CSC) has declared a regular quarterly dividend of 20 cents per share of common stock. The company’s announcement indicated it will disburse the dividend on April 16 to stockholders of record at the close of the March 23 business day. The announcement comes just more than a month after the technology contractor named...

Northrop Declares Quarterly Dividend of 50 Cents

On Feb. 15, Northrop Grumman Corp.’s (NYSE: NOC) board of directors declared a quarterly dividend of 50 cents per share of Northrop Grumman common stock. Northrop said the dividend is payable March 11 to shareholders of record as of the close of business Feb. 27. LinkedInTweet+1E-mail