IBM to Shed Semiconductor Business in $1B Deal With Globalfoundries

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IBM (NYSE: IBM) has agreed to sell its global commercial semiconductor technology business to Santa Clara, California-based computer chip manufacturer Globalfoundries for $1.5 billion, which would be paid to IBM over the next three years. The companies said Monday that the deal also includes an agreement for Globalfoundries to serve as IBM’s exclusive server processor semiconductor technology...

AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

NavyConstruction
AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and gas, power and government services markets through the acquisition...

Exelon-Pepco Merger Gets Green Light From Virginia State Corporation Commission

PowerPlant
Exelon Corp. and Pepco Holdings have received approval from the Virginia State Corporation Commission to move forward on the the companies’ proposed $7 billion merger agreement they announced in April. Pepco Holdings owns transmission infrastructure in Virginia and previously offered power to distribution customers in Virginia through the Delmarva Power and Pepco utilities, Exelon and Pepco...

Nancy Collins: Xerox Seeks Public Sector Case Mgmt Growth Through Consilience Buy

cloudIT
Xerox (NYSE: XRX) has purchased Austin, Texas-based case management and workflow automation software provider Consilience Software for an undisclosed amount. Eleven U.S. states, seven U.S. cities and two states in Australia use Consilience’s web-based and cloud-built Maven tool to manage information through the use of data and process agencies, Xerox said Friday. Consilience has 40 employees...

AECOM Signs $4B Deal to Buy URS Corp

NavyConstruction
Engineering design and infrastructure services firm AECOM has agreed to buy URS Corp. (NYSE: URS) for approximately $4 billion in cash and stock, or $56.31 per share, the companies said Sunday. AECOM will also assume URS’ debt and expects to close the acquisition in October, pending regulatory approvals and approval by shareholders at both companies. Including the assumption of URS debt, AECOM...

The SI Org Closes Purchase of QinetiQ NA’s Services Arm

Mac Curtis
Mac Curtis QinetiQ confirmed Tuesday that it has completed the sale of its U.S.-based services division to The SI Organization, a little more than a month after regulatory and shareholder approvals were met. The SI Organization has made an initial payment of $165 million for QinetiQ North America‘s services group and could pay an additional $50 million in cash no earlier than March 31 2015 depending...

Thales to Acquire Alcatel-Lucent’s Cybersecurity, Comms Security Business; Jean-Bernard Lévy Comments

Cybersecurity
Thales has agreed to acquire the cybersecurity and communications security business of Alcatel–Lucent in a move to jointly offer network security products and services. Alcatel-Lucent will transfer its network security assets to Thales in order to grow its commercial proposition in cybersecurity, Thales said Thursday. “This investment responds to the growing ambition of Thales in promising...

Exelon Signs $7B Cash Deal to Buy Pepco; Chris Crane Comments

PowerPlant
Chicago-based energy producer and distributor Exelon Corp. (NYSE: EXC) has agreed to buy the parent company of mid-Atlantic regional electricity and gas provider Pepco for approximately $6.8 billion in cash, or $27.25 per share. The companies expect the transaction to close in either the second or third quarter of 2015 and increase Exelon’s earnings per share in the first full year after closing,...

George Pedersen: ManTech to Buy 7Delta in Healthcare IT Push

George Pedersen
George Pedersen ManTech International (NASDAQ: MANT) has agreed to purchase Columbia, Md.-based technology management contractor 7Delta for an undisclosed sum that includes cash on hand and funding from ManTech’s existing line of credit. Fairfax, Va-based ManTech expects to close the transaction in May and anticipates the deal to increase its earnings per share in 2014, the company said Wednesday. George...

Orbital Sciences, ATK’s Aerospace & Defense Groups to Merge in $5B Deal

rocket-launch
Orbital Sciences Corp. (NYSE: ORB) has agreed to merge with ATK‘s (NYSE: ATK) aerospace and defense groups in an approximately $5 billion transaction to create a combined company that will operate as Orbital ATK once the deal completes. In separate releases from ATK and from Orbital, the companies said Monday that they expect to complete the merger by the end of calendar year 2014 and is subject...