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Tag Archives: Citigroup

Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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BC Partners, Medina Capital Seek to Add Analytics, Machine Learning Tools to Cyber JV Via Brainspace Purchase

Private equity firms Medina Capital and BC Partners have agreed to buy Addison, Texas-based machine learning and analytics firm Brainspace for an undisclosed sum in an effort to establish a global cybersecurity joint venture. BC Partners and Medina Capital expect to complete the transaction in the first quarter of 2017, subject …

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NTT Data Completes $3.05B Purchase of Dell Services

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell’s services business for $3.05 billion in a strategy to expand the former’s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT Data Services on …

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October 17 Morning Report: GovCon Index Posts Flat Friday Trading, 3rd Straight Weekly Drop

Executive Mosaic’s GovCon Index remained flat Friday with an equal number of advancing and declining issues amid U.S. stock market gains on bank earnings reports from Citigroup, Wells Fargo and Goldman Sachs. Huntington Ingalls Industries (NYSE: HII) is the GCI’s top net gainer and Vectrus (NYSE: VEC) the top percentage gainer Friday. The Index has posted its third straight weekly decline, …

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October 14 Market Close: GovCon Index Flat on Even Gainer-Lagger Split, Posts 3rd Straight Weekly Loss

Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain was not enough to lift the GovCon Index into positive over …

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HR Vet Steve Bloom Joins QTS as Chief People Officer; Chad Williams Comments

QTS Realty Trust (NYSE: QTS) has appointed Steve Bloom, formerly senior vice president and chief human resource officer for ProBuild, as the new QTS chief people officer. Bloom has provided organizational management, strategy development and talent management in industries such as technology, healthcare, consumer products and financial services for more than 25 …

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Drone Aviation Chairman Jay Nussbaum Adds CEO Title

Jay Nussbaum, chairman of the board at Drone Aviation Holding Corp. since June 2015, will serve in the additional role of CEO at the Jacksonville, Florida-based tethered and unmanned aerial systems manufacturer. The nearly 40-year sales and business management veteran succeeds Kevin Hess, who has moved to his new role as chief …

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December 10 Market Close: GovCon Index Snaps 3-Day Losing Streak

The GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses. U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro …

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Reuters: 3 Private Equity Firms Vie for Dell’s Quest Software, SonicWall Assets

KKR & Co. (NYSE: KKR),  Vista Equity Partners Management and Thoma Bravo have submitted bids to acquire $4 billion in Dell assets that offer information technology management and email encryption services, Reuters reported Tuesday. Liana Baker and Greg Roumeliotis write the potential sale of Dell’s Quest Software and SonicWall could help Dell reduce the debt it …

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Reuters: Verizon Mulls Enterprise IT Portfolio Sale

Verizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday. Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from …

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