Author: Ross Wilkers|| Date Published: December 1, 2016
Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering.
Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. 6.
Shares in Booz Allen closed at $37.81 Wednesday for a total market capitalization of $5.64 billion.
Carlyle acquired Booz Allen in 2008 and took it public two years later upon the completion of the firm’s separation into a government services unit that retained the Booz Allen Hamilton name and a commercial business that PwC subsequently purchased in 2013.
Booz Allen’s stock closed at $19.25 in its Nov. 17, 2010 initial public offering.
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
XLA, a provider of cybersecurity, data management and analytics, technical services, and international program support, has appointed James Vant as chief…
Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering.
