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Tag Archives: Spinoff

Huntington Ingalls FY 2015, 4Q Earnings Below Wall Street Outlook; Full-Year Margin Hits Post-Northrop Spin Goal

Huntington Ingalls HII

Huntington Ingalls Industries (NYSE: HII) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $8.36 per share for the full 2015 calendar year to fall below Wall Street analysts forecasts of $8.99. Full 2015 net income rose 19.52 percent year-over-year to $404 million …

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Economic Times: Tata Consultancy Services Resumes Talks Over Acquisition of Dell’s IT Business

acquisition

Tata Consultancy Services, an India-based information technology consulting firm, has resumed negotiations over its plans to acquire IT services provider Perot Systems from Dell, The Economic Times reported Monday. Anirban Sen and Jochelle Mendonca write Dell plans to sell Perot Systems for approximately $5 billion and has secured offers from …

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WSJ: Dell in Advanced Talks for Potential $50B EMC Buy, VMware Spinoff

acquisition, merger

Dell and its private equity parent firm Silver Lake are currently in advanced negotiations to buy EMC (NYSE: EMC) and spin off the VMware (NYSE: VMW) business from EMC after the transaction, the Wall Street Journal reported Wednesday. Liz Hoffman, Dana Mattioli and Joann Lublin write the companies could either reach an agreement or end …

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CSC US Gov’t Services Unit, SRA to Merge; Mike Lawrie Comments

acquisition, merger

Falls Church, Va.-based Computer Sciences Corp. (NYSE: CSC) has agreed to merge its U.S. government services unit with SRA International as part of its plans to spin off the unit. The companies said Monday they expect to close the merger in November upon completion of the Computer Sciences Government Service’s separation from and shareholders …

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WSJ: L-3 Eyes Potential Separation of Nat’l Security Business

L-3 logo

L-3 Communications (NYSE: LLL) is looking into a potential separation of its national security solutions business that offers cybersecurity services to government and commercial agencies, the Wall Street Journal reported Thursday. Doug Cameron writes that segment recorded $1.2 billion in sales during its 2014 fiscal year and the company’s review of its …

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

Helicopter Radar

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff …

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Gregory Hayes: UTC to Mull Sikorsky Aircraft Spinoff

Gregory Hayes

United Technologies Corp. (NYSE: UTX) is eyeing a potential spinoff of UTC subsidiary Sikorsky Aircraft as part of a strategic review into the helicopter manufacturing business. “As part of the portfolio review announced last December, we are exploring strategic options for Sikorsky to determine the best way to enhance its …

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ATK Unveils Share Distribution Plan for Vista Outdoor Spinoff

money investment

ATK‘s (NYSE: ATK) board of directors has decided to give stockholders two shares of common stock in the future ATK sporting group spinoff company Vista Outdoor for every share of ATK common stock. ATK said Tuesday that stockholders will either receive a book-entry account statement on their Vista Outdoor common stocks or have their Vista Outdoor …

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Justice Dept OKs Orbital Merger with ATK’s A&D Groups

rocket-launch

The Justice Department has approved a proposed merger between Orbital Sciences (NYSE: ORB) and ATK‘s (NYSE: ATK) aerospace and defense businesses. Orbital and ATK expect to close the estimated $5 billion deal in February 2015, pending votes by shareholders at both companies next month and other customary closing conditions, Orbital …

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ATK, Orbital Delay Expected Merger Closure Date to February

rocket-launch

ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) have delayed their expected closure date for the spinoff of ATK’s sporting group and the merger between Orbital and ATK’s aerospace and defense groups to February. The companies said Monday they have also rescheduled their stockholder meetings to Jan. 27, 2015 from the previous announced date of Dec. …

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