Author: Jane Edwards|| Date Published: May 24, 2016
The Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million.
Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by May 27.
Morgan Stanley will offer the 13 million shares of Class A common stock to the public at a fixed price, according to Booz Allen.
Carlyle Group last reduced its Booz Allen stake to 20 percent in November through a sale of 13 million shares to Credit Suisse.
Booz Allen reached a 52-week high of $31.24.
Shares in Booz Allen have declined 5.96 percent since the start of the year and have risen 15.53 percent over 12 months.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
The Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million.
