Singapore-based ST Engineering decided to increase its offer to acquire Cubic (NYSE: CUB) from $76 to $78 in cash per share after Veritas Capital and a private-equity arm of Elliott Management raised their bid for the San Diego-based defense and transit technology company from $70 to $72 a share, The Wall Street Journal reported Monday....
Cubic (NYSE: CUB) has received an unsolicited offer from Singapore-based ST Engineering to buy the San Diego-based company’s outstanding stock for $76 in cash per share. Cubic said Monday the latest proposal would be “superior” to a buyout offer from Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Manageme...
Ametek (NYSE: AME), a Berwyn, Pennsylvania-based electronics instruments maker, is in advanced negotiations with private-equity firm Veritas Capital to acquire the latter’s Abaco Systems for up to $1.5 billion, Bloomberg reported Monday. Bloomberg cited sources that say a decision could come as soon as this week. In December 2015, Veritas acquired...
Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives, is honored to announce that Ramzi Musallam, managing partner and CEO of Veritas Capital, has received a 2021 Wash100 Award for leading a large number of multi-billion dollar acquisitions to drive exponential growth ...
Cubic (NYSE: CUB) will design, develop and test training materials for the U.S. Navy’s Relevant Ready Learning program under a potential four-year, $92.4 million contract. The company will also help the service branch prepare course pilot and train-the-trainer programs as part of the indefinite-delivery/indefinite-quantity contract, the Depart...
Cubic’s (NYSE: CUB) mission and performance solutions segment has received a contract from the U.S. Air Force to provide airborne pods for the service branch’s P5 Combat Training System at various range facilities located within the continental U.S. The company said Monday it will also supply auxiliary hardware to support military fight...
Aerospace sector veterans Chris Hadfield, Sandy Magnus, David Whelan, George Whitesides have joined a new board at Virgin Galactic (NYSE: SPCE) that will advise the company's senior leadership team on commercial spacelight and vehicle development matters....
Aerospace sector veterans Chris Hadfield, Sandy Magnus, David Whelan, George Whitesides have joined a new board at Virgin Galactic (NYSE: SPCE) that will advise the company's senior leadership team on commercial spacelight and vehicle development matters. Virgin Galactic said Tuesday its space advisory board members will hold discussions regard...
Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, have agreed to acquire Cubic (NYSE: CUB) for approximately $2.8 billion, or $70 in cash per share. The all-cash transaction includes the assumption of debt and is expected to be finalized during the second quarter of 2021, subject to regulatory clearances, sh...
Cubic (NYSE: CUB) has merged five product lines into the San Diego, California-based company’s intelligent transportation systems unit as part of efforts to drive operational efficiency and an emerging concept called mobility as a service. The consolidated ITS segment is led by Jeff Price and comprised of the GRIDSMART, Road User Charging...
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