FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

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The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said Thursday. Engility and TASC expect to complete...

Tom Ferrando: Bridge Growth Partners to Buy CRGT in Federal Market Expansion Push

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Tom Ferrando New York City-based private equity firm Bridge Growth Partners has agreed to purchase federal software development and data analytics services contractor CRGT from an affiliate of Veritas Capital for an undisclosed sum. Bridge Growth said Wednesday that it expects to close the transaction by the end of the year and that Veritas, which acquired CRGT in 2008, will continue to hold a minority...

Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Booz Allen Purchases Health Informatics Firm Epidemico; Karen Dahut Comments

Karen Dahut
Karen Dahut Booz Allen Hamilton (NYSE: BA) has acquired Boston-based population health informatics company Epidemico for an undisclosed sum in a push to further develop analytics offerings in population health. Karen Dahut, a Booz Allen executive vice president, said Wednesday that the acquisition is “aligned to Booz Allen’s Innovation agenda, adding a creative and successful startup to...

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

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Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase its earnings...

FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

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The Federal Communications Commission has approved Level 3 Communications‘ (NYSE: LVLT) proposed $5.3 billion acquisition of business phone and Internet service provider tw telecom (NASDAQ: TWTC). Level 3 announced the receipt of the approval Friday and the transaction is subject to the approval of stockholders from both companies. According to the Denver Business Journal, the stockholder vote...

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

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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

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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

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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...