Amentum-PAE Merger to Continue as Go-Shop Period Expires

PAE (Nasdaq: PAE) and Amentum are expected to carry on with their planned merger after the Falls Church, Virginia-based defense and government services contractor did not secure an alternative acquisition offer during the go-shop period that expired Monday.

LinkedIn Join Us

Germantown, Maryland-based Amentum agreed to buy PAE in an all-cash deal worth approximately $1.9 billion in October.

PAE said Wednesday it expects the transaction to conclude in the first quarter of 2022, pending approval by its shareholders, regulatory clearances and other customary closing conditions.

The transaction includes the assumption of debt and certain fees. PAE will cease trading its common stock on public markets upon the merger’s completion.

PAE and Amentum have said the transaction will form a combined entity with more than $9 billion in annual revenue that is focused on delivering cyber, information technology, intelligence, sensor-based technologies, synthetic training, space operations, spectrum and electronic warfare, mission support, environmental and asset management services to the U.S. government and allies.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles