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M&A Activity

McAfee Relaunches as Independent Security Company

McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bryan Taylor, a partner …

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John Heller: PAE Eyes Govt Services Portfolio Expansion Via FCi Federal Purchase

PAE has agreed to buy FCi Federal for an undisclosed sum in a move to expand service offerings for federal government clients. Both companies expect to complete the transaction over the next 45 business days pending regulatory approvals, PAE said Monday. FCi Federal will become a business unit of PAE following …

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CSC, HPE Services Division Unveil Combined IT Services Firm DXC Technology

Computer Sciences Corp. and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services division have officially launched DXC Technology (NYSE: DXC) to offer a range of information technology services to public and private sector clients. DXC’s management team rang the opening bell Monday on the New York Stock Exchange to mark the first trading day for the company. CSC …

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PR Software Firm Cision Buys Bulletin Intelligence to Further Media Cloud Strategy

Public relations software and services provider Cision has purchased Reston, Virginia-based Bulletin Intelligence for an undisclosed sum as part of a strategy to provide custom industry briefings with cloud-based technology. Bulletin Intelligence, an intelligence briefing company that competes with Executive Mosaic‘s ArchIntel product, produces daily news  briefings targeted at government and corporate audiences, Cision said Tuesday. Both companies …

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CSC Shareholders OK Combination With HPE Enterprise Services Segment

Shareholders at Computer Sciences Corp. (NYSE: CSC) have approved the pending merger of CSC with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment. CSC said Monday holders of approximately 84.92 percent of outstanding shares in the company voted in favor of the transaction. HPE and CSC announced the proposed merger in May 2016 …

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Deloitte Buys Day1 Solutions in Cloud Service Expansion Push

Deloitte has purchased McLean, Virginia-based cloud consulting firm Day1 Solutions for an undisclosed sum in a move to build up its cloud offerings and capabilities as well as expand its client base in both commercial and public sectors. Luis Benavides, founder and CEO of Day1 Solutions, said in a statement …

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KeyW-Sotera Deal Gets FTC Green Light, Firms Target 2Q 2017 for Closure

The Federal Trade Commission has given its approval for KeyW‘s (Nasdaq: KEYW) proposed $235 million all-cash acquisition of Sotera Defense Solutions. The FTC terminated the required 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the early termination notice brings the deal a step closer to completion, KeyW said Monday. KeyW first announced the …

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Easterly to Buy 2 VA Healthcare Facilities in Govt Property Market Push

Easterly Government Properties (NYSE: DEA) has agreed to buy two Department of Veterans Affairs medical centers for a combined purchase value of $260 million. Washington-based Easterly is a real estate investment trust that acquires, develops and manages Class A buildings leased primarily to the federal government. The company said Tuesday the first deal covers the acquisition …

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CenturyLink, Level 3 Shareholders OK $34B Merger Deal

Shareholders at CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have separately approved the deal originally announced in October 2016 for CenturyLink to buy Level 3 for approximately $34 billion in a cash-and-stock transaction. Holders of approximately 81.2 percent of all outstanding shares in Level 3 voted in favor of the merger …

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Constellis to Buy Centerra Group in Public Sector Risk Mgmt Push

Constellis has agreed to buy Centerra Group and its subsidiaries from an Alvarez & Marsal Capital affiliate for an undisclosed sum in a move to expand Constellis’ U.S. footprint and build up its relationships with government customers in the risk management sector. Both companies expect to complete the transaction in the …

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