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.
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.
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