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M&A Activity

Justice Dept OKs CenturyLink-Level 3 Merger Deal

The Justice Department has agreed to approve the pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) by CenturyLink (NYSE: CTL), subject to court approval of certain conditions in a consent decree. CenturyLink said Monday the combined firm needs to divest 24 dark fiber strands that link 30 city-pairs across the U.S. via an …

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ManTech Completes $180M InfoZen Purchase; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) has wrapped up its $180 million cash acquisition of Bethesda, Maryland-based information technology platforms provider InfoZen. ManTech said Monday it will run InfoZen as part of its mission solutions and services group headed by Daniel Keefe and expects the IT services contractor to contribute approximately $25 million to fiscal …

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Polaris Alpha Continues Space, C4ISR Market Expansion With Solidyn Buy

Polaris Alpha has acquired Denver, Colorado-based engineering and cloud computing services provider Solidyn Solutions for an undisclosed sum in a push to accelerate the development of space-based systems for national security clients. Peter Cannito, CEO of Polaris Alpha, said in a statement published Monday the company made the acquisition to also expand …

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SAIC Restructures Customer Groups, Service Lines as Part of ‘Ingenuity 2025’ Strategy; Tony Moraco Comments

Science Applications International Corp. (NYSE: SAIC) has moved to consolidate several of its businesses organizations and introduced a voluntary retirement incentive program for nearly 100 senior managers. SAIC said Monday it unified five customer-facing groups into three units and merged six technology-focused service lines into three market segments as part …

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Foreign Investment Committee Wraps Up MDA-DigitalGlobe Transaction Review

The Committee on Foreign Investment in the U.S. has completed its review of the proposed $3.6 billion acquisition of DigitalGlobe (NYSE: DGI) by Canada-based MacDonald, Dettwiler and Associates. MDA said Thursday it secured clearance from the New York Stock Exchange to list and trade its common shares on NYSE under the ticker symbol “MDA” …

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Versar OKs Acquisition Offer From Kingswood Capital Management

Versar has agreed to be purchased by affiliates of Los Angeles-based private equity firm Kingswood Capital Management through a cash tender offer. Kingswood agreed to buy all outstanding shares of stock in the Springfield, Virginia-based project management company for 15 cents per share and begin the cash tender offer no …

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Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …

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ManTech Inks $180M Deal for InfoZen in Federal Civilian Market Push; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) has agreed to buy Bethesda, Maryland-based information technology platforms provider InfoZen through a $180 million cash transaction that would grow ManTech’s managed cloud services and information technology offerings for the federal civilian market. The companies expect to close the deal in October, subject to approval under the …

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Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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Reports: Northrop Close to Sealing $7.8B Cash Deal for Orbital ATK

Northrop Grumman (NYSE: NOC) is close to finalizing an agreement to buy Orbital ATK (NYSE: OA) as Northrop aims to broaden its portfolio of missiles and space platforms, Defense News reported Monday. Defense News cited a Wall Street Journal report that says both companies could unveil the transaction as early as Monday …

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