M&A Activity

Dell, Carl Icahn Strike Ownership Limit Deal

Dell‘s (NASDAQ: DELL) board of directors and Carl Icahn have signed an agreement to limit the investor and affiliated entities from owning more than 10 percent of Dell. Icahn also agreed to not enter into agreements with other shareholders to own more than 15 percent of Dell’s shares between them, …

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Exelis Sells Fiberglass Pipe Business; John Shephard Comments

ITT Exelis (NYSE: XLS) has sold its fiberglass reinforced pipe business to a Dubai-based company for an undisclosed sum as Exelis is aiming to target its investments in certain growth platforms. Exelis is targeting future investments in the analytics, electronic warfare and ISR markets (intelligence, surveillance and reconnaissance), the company …

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DigitalGlobe Buys Crowdsourcing Firm Tomnod

DigitalGlobe (NYSE: DGI) has acquired crowdsourcing technology company Tomnod for an undisclosed amount in a move to add Tomnod’s information capture and validation services to its portfolio. DigitalGlobe’s analytics teams will gather data from Tomnod’s crowdsourced earth observation imagery information and aim to provide clients insights from that information,  DigitalGlobe said Monday. …

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Bob Kipps: 2013 GovCon M&A Slowing ‘To a Trickle’

GovCon M&A Activity Slows to a Trickle Bob Kipps, Managing Director, KippsDeSanto & Company The hangover to last year’s deal frenzy continues. As mentioned last month, deal announcements during the first part of 2013 are likely to be well below the past levels given the compression of deals into 2012–for …

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GovCon Wire Gets Direct Executive View on Market

GovCon Wire‘s executive-driven coverage not only highlights their involvement in significant contract awards and mergers and acquisitions but gets their direct perspectives on what drives the GovCon market and its future trends. Bob Kipps, managing director at investment banking firm KippsDeSanto & Co., casts his eye on the sector’s M&A …

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Deloitte Buying Vivens, Aiming To Grow Salesforce Market Share; Mario van Vliet Comments

Deloitte has agreed to acquire information technology services provider Vivens for an undisclosed sum, aiming to grow its share of the enterprise applications market. The acquisition is expected to close April 2 and 50 Vivens professionals will join Deloitte upon completion of the transaction, Deloitte said Tuesday. Deloitte intends to …

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EADS Stockholders Approve Ownership Change, Share Buyback

EADS shareholders overwhelmingly approved changes to the aerospace and defense conglomerate’s ownership structure and a 15 percent share buyback plan, Reuters reports. According to Tim Hepher’s report, EADS CEO Tom Enders said the changes would change government involvement in the group from regulator to customer and give management independence. France and …

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Report: Dell Committee Examining Blackstone, Icahn Takeover Bids

A special committee within Dell‘s (NASDAQ: DELL) board of directors is looking at alternative takeover proposals nearly a month after the company agreed to $24.4 billion buyout deal with Silver Lake. The company is evaluating the proposals from Blackstone Group and Carl Icahn during a 45-day go-shop period, Reuters reports. …

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Parsons Buys Federal Operations Services Provider; Chuck Harrington Comments

Parsons Corp. has acquired a provider of operations and maintenance services services to federal, state and local government agencies for an undisclosed amount. First Support Services, formerly a subsidiary of FirstGroup, holds the majority of its contracts with the U.S. Air Force and Navy, Parsons said Friday. Chuck Harrington, Parsons …

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KPMG Buys Hackett Group’s Oracle ERP Practice; Stephen Lis Comments

KPMG LLP has acquired an Oracle (NASDAQ: ORCL) enterprise resource planning practice from The Hackett Gruop, a global strategic advisory and business transformation consulting firm. Financial terms of the deal were not disclosed and KPMG becomes The Hackett Group’s preferred provider of Oracle ERP implementation services, KPMG said Wednesday. Stephen …

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