Home / Tag Archives: M&A Activity

Tag Archives: M&A Activity

Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

medical health doctor

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the ...

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Atos Closes Xerox IT Outsourcing Business Buy

acquisition

France-based digital services firm Atos has completed its purchase of Xerox‘s (NYSE: XRX) information technology outsourcing services portfolio. Xerox said Tuesday it wants to concentrate on the business process outsourcing and document outsourcing markets following the sale. Atos disclosed in late 2014 that the transaction includes a $1.05 billion upfront ...

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Hilton Romanski: Cisco to Buy OpenDNS in Connected-Device Security Push

Cybersecurity

Cisco has agreed to purchase network security firm OpenDNS for $635 million cash in a push to help organizations protect their connected devices against sophisticated threats. The companies seek to integrate OpenDNS’ predictive threat intelligence and software-as-a-service cloud security platform with Cisco’s Security Everywhere framework to mitigate the risk of ...

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

acquisition

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of ...

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Hugh Evans: Veritas Capital Targets Mass Notification Tech Market with ECN Buy

wireless communications

Veritas Capital has bought mass notification software-as-a-service company Emergency Communications Network from private equity firm The Riverside Co. for an undisclosed sum. Hugh Evans, a managing partner at Veritas, said Friday the private equity investment firm aims to help ECN expand its presence in the government and adjacent markets. ECN ...

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Acquisition Company GDEF to Buy STG in $165M Cash-Stock Deal

acquisition

Acquisition company Global Defense & National Security Systems (NASDAQ: GDEF) has agreed to purchase Reston, Va.-based government contractor STG for approximately $165.5 million in cash and stock, GDEF said Wednesday. GDEF expects to close the $10.55-per-share transaction in the third quarter of the company’s 2015 fiscal year and the deal is subject to the approval of its shareholders. The company’s fiscal year ...

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Reuters: Textron Interested in Merger With Sikorsky

CH53KChopper

United Technologies Corp.‘s (NYSE: UTC) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. ...

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Rakesh Sharma: Ultra Electronics to Buy Kratos Division in EW Market Push

acquisition

Britain-based conglomerate Ultra Electronics has agreed to purchase Kratos Defense & Security Solutions‘ electronic products division for up to $265 million in cash in order to push further into the electronic warfare market. Ultra said Monday Kratos will receive $260 million upfront and up to $5 million in potential additional payments under the ...

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Joe Quaglia: Tech Data Adds to Data Center Portfolio with STG Acquisition

data center

Tech Data Corp. (Nasdaq: TECD) has agreed to buy data center and information technology services company Signature Technology Group for an undisclosed amount. Joe Quaglia, president of the Americas markets business at Tech Data, said Wednesday the company seeks to diversify its data center portfolio and create value for clients ...

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Thomas Kennedy: Raytheon-Websense JV to Offer Cyber Defense Tools for Commercial Sector

Thomas Kennedy

Raytheon (NYSE: RTN) has closed its transaction with Vista Equity Partners to establish a data security firm comprising of Raytheon’s cyber product line and Vista’s security technology business Websense. The Austin, Texas-based venture, led by John McCormack, will operate as Raytheon|Websense and plans to launch a new brand identity once ...

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