Cubic (NYSE: CUB) has agreed to be acquired by Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, for approximately $3 billion, or $75 in cash per share under a revised proposal. The all-cash transaction includes the assumption of debt and Cubic said Wednesday its board considered the revised offer of Singapo...
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...
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...
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...
TYSONS CORNER, VA, February 8, 2021 — Cubic (NYSE: CUB) announced a free software update for its radio communication gateway users to access mission-critical push-to-talk features that work with the national FirstNet broadband network, ExecutiveBiz reported Jan. 28....
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...
David Whelan, former vice president of engineering and chief technologist at Boeing (NYSE: BA), has been named senior VP and chief scientist of Cubic (NYSE: CUB). He will lead the development of product line strategies and work with the Cubic executive team to grow technology offerings and drive business growth, the company said Monday....
Cubic's (NYSE: CUB) mission and performance solutions business has received a contract to help maintain nearly 1K P5 Combat Training Systems and associated infrastructure at more than 20 U.S. Air Force installations and range facilities....
