M&A Activity

Dick Flanigan: FTC Approves Cerner’s $1.3B Siemens Health Services Buy

Cerner (NASDAQ: CERN) has moved closer to completing its \$1.3 billion purchase of Siemens‘ (NYSE: SI) health information technology unit after the U.S. Federal Trade Commission approved the transaction. “We’re pleased to have cleared this important regulatory hurdle and to be one step closer to integrating Siemens Health Services and …

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Hong Hou: Veritas Capital to Buy EMCORE’s Space Solar Cells Portfolio

EMCORE (NASDAQ: EMKR) has agreed to sell its space photovoltaic systems unit to Veritas Capital for $150 million cash. The companies expect to complete the sale later this year or early next year, pending regulatory clearance and approval by EMCORE shareholders, EMCORE said Wednesday. “EMCORE’s board of directors and management …

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Bassim Shebaro: Jacobs Engineering Raises Stake in Saudi Arabian Venture by 15%

Jacobs Engineering Group (NYSE: JEC) has increased its stake in Saudi Arabia-based construction and engineering services company Jacobs ZATE from 60 percent to 75 percent. Bassim Shebaro, Jacobs group vice president, said Tuesday the investment is part of the company’s efforts to grow its presence in the Saudi Arabian market. …

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Cobham Completes $1B Aeroflex Buy; Bob Murphy Comments

Cobham plc has finalized its approximately $1.46 billion acquisition of Aeroflex (NYSE: ARX) after shareholders and regulatory bodies approved the transaction. Following the completed transaction, the Aeroflex business will be consolidated with the British defense contractor’s advanced electronic solutions division and communications and connectivity business group. Cobham said Monday it expects the acquisition to boost the company’s current …

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Bernhard Gerwert: Airbus to Downsize Defense, Space Division

Airbus Group will sell some of the subsidiaries and business units within its defense and space division after what the aerospace and defense conglomerate called a “detailed and comprehensive portfolio assessment.” Airbus Group said Tuesday that it identified its commercial and para-public communication business as among the candidates for divestment and said it also …

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Steve Ikirt: Triple-i Purchases IT Firm Global Net Services

Information Innovation Inc. has moved to bolster its government-focused information technology services portfolio by acquiring IT firm Global Net Services. The companies aim to develop a suite of software and systems development, cloud computing, business intelligence and geospatial technology offerings for federal customers, Triple-i said Sept. 4. “Bringing together Triple-i …

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Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

Lockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday. Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership …

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Oracle Closes Buy of MICROS Systems; Mike Webster Comments

Oracle Corp. (NYSE: ORCL) has established a new hospitality global business unit after the company completed the acquisition of MICROS Systems (NASDAQ: MCRS) for an undisclosed amount. Mike Webster, senior vice president and general manager of Oracle retail and hospitality sector, will lead the newly formed business unit, the company said Monday. “Together, Oracle …

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General Dynamics to Consolidate AIS, C4 Business Arms; Chris Marzilli to Head Combined Org

General Dynamics (NYSE: GD) will combine its advanced information systems and C4 systems business units into a single organization that will adopt the name General Dynamics Mission Systems. The company said Monday that the consolidation will take effect in January 2015 and Chris Marzilli, current president of the C4 systems …

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Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. …

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