Tag Archives: equity stake

Ellen Lord: Treasury Consults With DoD on Possible Eligibility Expansion for $17B Loan Program

Ellen Lord

Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security Act and Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said the Treasury Department is working with DoD as it considers how to expand the eligibility requirements for such loans, Defense News reported Thursday.

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Treasury Wants National Security Firms Seeking Loans to Propose Financial Instruments

treasury-wants-national-security-firms-seeking-loans-to-propose-financial-instruments

The Department of the Treasury will require publicly traded defense contractors and other national security firms applying for loans under the Coronavirus Aid, Relief and Economic Security Act to provide “appropriate financial instruments” such as equity stakes and warrants, Reuters reported Friday.

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Report: EchoStar Calls for Talks With Inmarsat Board Over $3.2B Takeover Offer

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

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Neal Creighton: CounterTack Buys ManTech Commercial Cyber Division in Endpoint Security Push

CounterTack moved to grow its endpoint threat detection and response technology offerings with the acquisition of ManTech International‘s (Nasdaq: MANT) commercial sector-focused cybersecurity software division — ManTech Cyber Solutions International. ManTech will own an equity stake in CounterTack and be the endpoint security company’s global distribution partner as part of the …

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