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M&A Activity

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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Level 3 Seeks to Build DDoS Mitigation Service With Black Lotus Buy; Chris Richter Comments

Level 3 Communications (NYSE: LVLT) has acquired Distributed Denial of Service mitigation company Black Lotus for an undisclosed amount of cash as part of efforts to bolster the Level 3 security product portfolio. The company said Wednesday Black Lotus’ proxy-based technology will also add to the network-based Level 3 DDoS Mitigation scrubbing service. “Black Lotus’ proxy …

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Elbit Systems Closes Buy of Nice Systems’ Cyber, Intell Division

Elbit Systems (Nasdaq: ESLT) has wrapped up its purchase of Nice Systems’ cyber and intelligence division for an undisclosed amount. Cyberbit Ltd, an Elbit Systems subsidiary, bought the business, Elbit said Wednesday. Elbit formed Cyberbit to integrate the parent company’s cyber intelligence and security activities.

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Atos Closes Xerox IT Outsourcing Business Buy

France-based digital services firm Atos has completed its purchase of Xerox‘s (NYSE: XRX) information technology outsourcing services portfolio. Xerox said Tuesday it wants to concentrate on the business process outsourcing and document outsourcing markets following the sale. Atos disclosed in late 2014 that the transaction includes a $1.05 billion upfront …

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Hilton Romanski: Cisco to Buy OpenDNS in Connected-Device Security Push

Cisco has agreed to purchase network security firm OpenDNS for $635 million cash in a push to help organizations protect their connected devices against sophisticated threats. The companies seek to integrate OpenDNS’ predictive threat intelligence and software-as-a-service cloud security platform with Cisco’s Security Everywhere framework to mitigate the risk of …

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of …

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Informatica Stockholders OK Acquisition Offer From Permira, CPP Investment Board

Informatica‘s (Nasdaq: INFA) stockholders have voted to accept an offer to acquire the company by Permira and the Canada Pension Plan Investment Board. The data integration software provider said Tuesday the acquisition is scheduled to close within the third quarter of the company’s current fiscal year. Permira and the CPP Investment Board offered to purchase Informatica …

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