Home / M&A Activity (page 31)

M&A Activity

Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group

The Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met. Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, …

Read More »

Cubic Buys GATR, TeraLogics to Expand C4ISR, Satcom Portfolios; Bradley Feldmann Comments

Cubic Corp. (NYSE: CUB) has acquired GATR Technologies for $232.5 million and TeraLogics for $39 million in a push to grow Cubic’s defense systems business and expand its command, communications, control, computers, intelligence, surveillance and reconnaissance offerings. Alabama-based GATR manufactures inflatable satellite communication and C4ISR terminals for deployment in remote environments, …

Read More »

Reuters: CACI the Lead Candidate for Potential $4B Bid on Lockheed’s Govt IT Business

CACI International (NYSE: CACI), Leidos (NYSE: LDOS) and Engility (NYSE: EGL) have been named as interested bidders for the government information technology business of Lockheed Martin (NYSE: LMT), Reuters reported Friday. Mike Stone and Andrea Shalal write that CACI has emerged in the lead for a potential $4 billion purchase of …

Read More »

MACOM Buys Cobham’s Aeroflex Diode Portfolio for $38M Cash

M/A-COM Technology Solutions Holdings (Nasdaq: MTSI) has bought the Aeroflex radio frequency and microwave diode portfolio of Cobham through a $38 million cash transaction. John Croteau, MACOM president and CEO, said Monday the deal is intended to complement the company’s semiconductor business and that he expects the acquisition to be accretive on earnings and operating margin of the …

Read More »

WSJ: VMware Backs Out From Cloud Joint Venture Plan With EMC

VMware (NYSE: VMW) has canceled plans to form a joint venture with EMC (NYSE: EMC) that will work to combine both companies’ cloud services, the Wall Street Journal reported Monday. Don Clark writes that a spokesman for VMware told the Journal the company will continue to run vCloud Air as a separate …

Read More »

Dell, EMC Merger to Proceed After ‘Go Shop’ Period Ends

EMC (NYSE: EMC) and Dell are set to continue with their planned merger after the Massachusetts-based data storage company did not receive a “superior” alternative offer during a go-shop process. Dell agreed to acquire EMC in October for about $67 billion in cash and stock to create a combined company that …

Read More »

Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms

Three private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday. Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition …

Read More »

LookingGlass to Acquire QinetiQ’s Cyveillance Threat Intell Business for $35M

LookingGlass Cyber Solutions has agreed to acquire online monitoring and threat intelligence business Cyveillance from British defense technology contractor QinetiQ Group for approximately $35 million in cash. Chris Coleman, CEO of LookingGlass, said Friday his company aims to build a comprehensive intelligence-based platform for security professionals to manage business risks and threats. Arlington, Virginia-based …

Read More »

Tony Dunleavy: Strat Aero Makes UAS Market Push Through Aero Kinetics Buy

Strat Aero has agreed to acquire Fort Worth, Texas-based unmanned aircraft system manufacturer Aero Kinetics for about $24 million and potential incentive payments. London-based Strat Aero provides aeronautical services to civilian, law enforcement and military customers and made the acquisition to expand its UAS operational and flight training offerings,  CEO Tony …

Read More »

Ken Asbury: CACI’s Purchase of L-3 Services Arm Seeks Wider Intell, Enterprise IT Presence

Arlington, Virginia-based CACI International (NYSE: CACI) seeks a wider presence in the intelligence community and enterprise information technology markets through its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) government services segment,  CACI CEO Ken Asbury told investors Tuesday. Asbury also said in the call with analysts to discuss the deal that by CACI’s 2017 fiscal year, the …

Read More »