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M&A Activity

Emerging Markets Communications Buys MTN; Abel Avellan Comments

Emerging Markets Communications has purchased Maritime Telecommunications Network for an undisclosed amount as part of a push to expand broadband connections in remote locations. EMC said Monday the combined company will work to provide terrestrial broadband and hybrid satellite communications services for land-based sites, maritime vessels and aircraft. “We are excited to add …

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Deloitte Buys Consulting Firm CIS; Owen Ryan Comments

Deloitte has acquired Compliance Implementation Services, a life sciences compliance consulting company, for an undisclosed amount. CIS will begin to operate under Deloitte’s risk and financial advisory practice, Deloitte said Monday. Owen Ryan, CEO of Deloitte Advisory, said the company intends for the CIS acquisition to help clients in the …

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Wall Street Journal: UTC, Lockheed in Advanced Talks for Potential $8B Deal on Sikorsky

United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT) are nearing a potential deal for the sale of UTC’s Sikorsky Aircraft business to Lockheed for at least $8 billion, the Wall Street Journal reported Friday. Dana Mattioli, Ted Mann and Doug Cameron write that the proposed acquisition would be …

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Harris to Keep HQ in Melbourne FL, House Critical Networks Segment in Herndon VA

Harris Corp. (NYSE: HRS) has decided to maintain its corporate headquarters in Melbourne, Fla. and will also base two of its four newly-formed business segments in the state following the company’s $4.75-billion purchase of Exelis that closed in May. Both the electronic systems and space and intelligence systems segments will be based in Palm Bay, …

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff …

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Veritas Capital Closes $2.1B StandardAero Buy; Ramzi Musallam Comments

Dubai Aerospace Enterprise has completed the sale of StandardAero to private equity firm Veritas Capital for $2.1 billion. StandardAero operates 13 facilities across the U.S., Europe, Canada, Australia and Singapore that offer aircraft repair, maintenance and overhaul services to clients in the commercial, military aviation and industrial power sectors, Veritas Capital …

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Reports: Symantec Talks Potential Veritas Sale to Carlyle Group for $8B

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

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Teledyne Raises Ocean Aero Stake to 37%; Robert Mehrabian Comments

Teledyne Technologies (NYSE: TDY) has increased its equity stake in autonomous underwater system developer Ocean Aero to almost 37 percent for an undisclosed amount. San Diego-based Ocean Aero has designed unmanned platforms to work in surface and subsurface waters and aid in defense, scientific and energy projects, Teledyne said Thursday. …

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dTS Becomes Part of GRM Futures Group; Ed Abel, Indira Kaur Ahluwalia Comment

Development & Training Services will now operate as an affiliate of GRM Futures Group. dTS started its operations Wednesday as part of GRM Futures Group’s portfolio that includes Futures Group,  theIDLgroup, the Effective Development Group and GRM International,  Futures Group said Thursday. Ed Abel, president of U.S. business at GRM Futures Group. …

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Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the …

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