Hello, Guest!
  • Wednesday, April 24, 2024

PAE Shareholders OK Merger Deal With Amentum

Shareholders at PAE (Nasdaq: PAE) approved Thursday the proposed combination with Amentum and both parties expect the transaction to close Tuesday, Feb. 15.

Falls Church, Virginia-based PAE said Thursday holders of over 86 percent of its outstanding common stock were in favor of the merger and that all approvals needed to finalize the transaction have been secured.

Germantown, Maryland-based Amentum struck a potential $1.9 billion all-cash deal to acquire PAE in October 2021.

The proposed merger will establish a combined company with more than $9 billion in annual revenue. The new entity will focus 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

Related Articles

Aerojet Rocketdyne Shareholders OK Proposed Acquisition by L3Harris; Christopher Kubasik Quoted M&A Activity

Aerojet Rocketdyne Shareholders OK Proposed Acquisition by L3Harris; Christopher Kubasik Quoted

Shareholders at Aerojet Rocketdyne (NYSE: AJRD) have approved a proposed agreement to sell the company to L3Harris Technologies (NYSE: LHX) and both parties expect the transaction to close in 2023, pending receipt of regulatory clearances and satisfaction of other customary closing conditions. Aerojet said Thursday 99.7 percent of the votes cast at the stockholders’ special meeting

ManTech Shareholders OK Proposed Acquisition by Carlyle; Kevin Phillips Quoted M&A Activity

ManTech Shareholders OK Proposed Acquisition by Carlyle; Kevin Phillips Quoted

Shareholders at ManTech International (Nasdaq: MANT) approved Wednesday a proposed agreement to sell the company to global investment firm Carlyle (Nasdaq: CG) and both parties expect the transaction to be finalized during the week of Sept. 12, pending satisfaction of other customary closing conditions. ManTech said Wednesday more than 99 percent of the votes cast

Perspecta Shareholders Clear Merger With Peraton M&A Activity

Perspecta Shareholders Clear Merger With Peraton

Stockholders of Perspecta (NYSE: PRSP) on Wednesday approved a proposal to be acquired by private equity firm Veritas Capital and be merged with its portfolio company Peraton. Holders of majority of Perspecta’s shares issued and outstanding as of March 18 voted in favor of the merger agreement, the company said Wednesday. With the approval, the