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M&A Activity

Dell To Go Private In $24B Deal, Microsoft Providing $2B

Dell (NYSE: DELL) has agreed to be acquired by global technology investment firm Silver Lake and founder Michael Dell in a deal worth approximately $24.4 billion that will take the company private. The company said it expects the deal to close before the end of the second quarter of its …

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Harris Wraps Up $225M Broadcast Group Sale

Harris Corp. (NYSE:HRS) has completed the sale of its broadcast communications business to an affiliate of The Gores Group LLC for $225 million, Harris said Tuesday. The transaction value includes $160 million in cash, a $15 million subordinated promissory note and a potential $50 million earnout based on the group’s …

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Exelis Completes Comm Software Firm Buy; Pamela Drew Comments

ITT Exelis (NYSE: XLS) has completed its acquisition of Australia-based communications software firm C4i Ltd. for $16.8 million, Exelis said Thursday. Exelis will integrate C4i into its information systems business area and does not expect the transaction to materially affect its 2012 fiscal year results or its results for first quarter …

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DigitalGlobe, GeoEye Complete Merger; Jeffrey Tarr Comments

DigitalGlobe (NYSE: DGI) and  (NASDAQ: GEOY) have completed their $900 million cash-and-stock merger, DigitalGlobe said Thursday. Both companies announced the transaction in July 2012, saying they are aiming to grow in the commercial and international markets and depend less on the U.S. government for revenue. “I look forward to working closely with …

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Cubic Acquires NextBus Inc. for $21M; Steve Shewmaker Comments

Cubic Transportation Systems (NYSE: CUB) has acquired NextBus Inc. from real-time passenger information systems company Webtech Wireless Inc. for a total of $21 million, subject to the terms of the purchase agreement. “As part of the Cubic family, NextBus will have the additional resources and capabilities to expand more rapidly while adding …

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D.C. Capital Partners Acquires CompSec; Thomas J. Campbell Comments

D.C. Capital Partners has acquired McLean, Va.-based Computer Security Solutions Inc., according to a Washington Technology article. D.C. Capital expects the move to boost its intelligence capabilities and insight into customers within the intelligence community. Thomas J. Campbell, company founder and president,  considers the acquisition “a significant strategic enhancement” for …

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Report: Dell Nearing Buyout Deal, Microsoft Involved

Dell (NASDAQ: DELL) is nearing a deal for a buyout led by California-based private equity firm Silver Lake Management LLC, Bloomberg reports. Microsoft (NASDAQ: MSFT) could provide some funding and Michael Dell could contribute between $500 million and $1 billion of equity financing for the deal, the report said. Michael …

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Report: Dell Considering Private Equity Buyout

Dell (NASDAQ: DELL) has discussed a potential buyout of the company with private equity firms TPG Capital and Silver Lake, Bloomberg reports. According to the report, such a transaction would require more than $20 billion in equity and debt. Chairman and CEO Michael Dell told a New York City audience …

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CGI Updates Brand, Logo Following Logica Buy; Lorne Gorber Comments

CGI Group (NYSE: GIB) has updated its brand to incorporate Logica’s products in an initiative aimed at reflecting CGI’s expanded presence and service offerings worldwide. The refresh includes updated messaging, visual identity platforms and a new logo, CGI said Monday. CGI now has $10.2 billion in annual revenue and employs …

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Report: DOJ Could Approve DigitalGlobe-GeoEye Merger This Month

The proposed $900 million cash-and-stock merger between DigitalGlobe (NYSE: DGI) and GeoEye (NASDAQ: GEOY) is expected to receive regulatory approval later this month, Reuters reports. Andrea Shalal-Esa and Diane Bartz report the U.S. Justice Department could wrap up its review of the transaction by mid-January but could delay action after William …

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