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M&A Activity

Hitachi Vantara Eyes Portfolio Expansion With REAN Cloud Buy; David Turner, Brian Householder Comment

Hitachi Vantara has agreed to purchase REAN Cloud for an undisclosed sum in a move to expand its portfolio of cloud and managed services offerings designed to help clients expedite their digital transformation efforts across multicloud environments. Hitachi Vantara said Tuesday it expects the acquisition to wrap up later this year …

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Greg Hayes: UTC Targets Q3 2018 for Rockwell Collins Deal Completion

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said the company is “on track” with the regulatory clearance process and in the final phase of completion with regard to its pending $30 billion acquisition of Rockwell Collins (NYSE: COL), The Gazette reported Tuesday. “We expect the transaction to close here …

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Mike Twyman: Cubic Acquires Shield Aviation’s Assets in C4ISR Portfolio Expansion Push

Cubic (NYSE: CUB) has completed the acquisition of Shield Aviation’s assets through its ISR Systems subsidiary in an effort to broaden its command, control, communications, computers, intelligence, surveillance and reconnaissance platforms. Cubic said Tuesday it expects the transaction to help expand its mission solutions business’ C4ISR tech portfolio for expeditionary …

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Report: Engility In Talks With CACI, SAIC Over Potential Sale

Engility (NYSE: EGL) is reportedly in talks with defense contractors such as Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI) as it considers putting itself up for sale, Reuters reported Thursday. Sources told Reuters that discussions are still in the early stages and may not result in a transaction. …

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L3 to Buy Cyber Firms Linchpin Labs, Azimuth Security for $200M; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has agreed to purchase information security firms Linchpin Labs and Azimuth Security for approximately $200 million combined in a push to develop synergies for future growth and build up its cyber, surveillance and intelligence collection capabilities. L3 said Wednesday the acquired companies will operate as L3 …

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Report: EchoStar Calls for Talks With Inmarsat Board Over $3.2B Takeover Offer

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

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Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

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L3 Buys Applied Defense Solutions in Space Capability Expansion Push; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has purchased Columbia, Md.-based aerospace engineering and space situational awareness services provider Applied Defense Solutions for approximately $50 million in a move to build up its space mission capabilities. L3 said Monday it will operate the newly acquired firm as L3 ADS to provide space exploration, space systems mission …

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Reports: Dell Technologies Eyes Public Market Return With VMware Tracking Stock Purchase

Dell Technologies (NYSE: DVMT) said it will buy out VMware’s (NYSE: VMW) tracking stock in a cash-and-stock deal valued at approximately $21.7 billion in a move to go public again without filing for an initial public offering, Reuters reported Monday. Dell will swap 1.3665 shares of its Class C stock, or …

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Report: EchoStar Reveals 3% Equity Stake in Inmarsat

Colorado-based EchoStar (Nasdaq: SATS) disclosed in a stock exchange filing that it has secured a 3 percent equity stake in U.K.-based Inmarsat valued at approximately $108.9 million and a 10.4 percent position in the latter’s convertible bonds worth $67.4 million, Reuters reported Friday. EchoStar needs to decide by July 6 whether …

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