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The Federal Trade Commission has issued a new policy statement that seeks to restore into standard practice the use of prior approval authority to restrict future acquisitions for companies pursuing anticompetitive merger transactions. Under the Prior Approval Policy Statement, companies seeking to make acquisitions should secure prior approval from...
Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, Lockheed s...
The Federal Trade Commission has awarded Leidos (NYSE: LDOS) a potential $162.1M contract to provide information technology and system support services for the agency’s information-sharing platform for investigating consumer fraud reports....
Doug Natal, general manager of Sumo Logic's U.S. public sector business, wrote in a blog post that the company has moved to the next stage of its application for Federal Risk and Authorization Management Program certification. "We are very excited about the opportunity to work with the Federal Trade Commission (FTC) toward Sumo Logic&#...
The required waiting period for Science Applications International Corp.’s (NYSE: SAIC) proposed acquisition of the federal arm of Unisys (NYSE: UIS) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Thursday, March 12, the companies said in a joint release published Friday....
Ellen Lord, defense undersecretary for acquisition and sustainment and a 2019 Wash100 winner, said the Department of Defense sees “no major concerns” with the proposed merger of Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX), Defense One reported Monday....
Cloudera (NYSE: CLDR) and Hortonworks have completed their merger to offer an enterprise data cloud platform designed to help organizations carry out data analytics and machine learning functions in hybrid and multicloud environments. Cloudera CEO Tom Reilly said in a statement published Thursday the combined enti...
Leidos (NYSE: LDOS) has landed a spot on a potential five-year, $100M blanket purchase agreement to help the Federal Trade Commission update the agency’s information technology systems and services. The company said Tuesday it plans to use agile and user-centric design processes to support FTC IT modernization efforts t...
The Federal Trade Commission has given Cloudera (NYSE: CLDR) and Hortonworks (Nasdaq: HDP) antitrust approval to proceed with their plan to merge through an all-stock transaction. FTC released a notice of early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvemen...
CACI International (NYSE: CACI) has agreed to purchase a General Dynamics (NYSE: GD) business unit for approximately $80 million, the Washington Business Journal reported Tuesday. Sources said the transaction involves CSRA’s former systems engineering and acquisition services unit that performed work for Naval Sea Syste...
